Major turnaround in risk conditions as China comes online

By FXStreet FXStreet (Bali) – There has been a strong turnaround in risk conditions, with the Nikkei 225 now up almost 1% after falling as much as 1.5% at one stage.

China markets spike higher

Meanwhile, in China, CSI300 futures are up 2.9%, CSI300 futures up 8%, while CSI500 futures limit up 10%. The S&P500 futures are trading higher by 0.7%. The Shanghai Composite is also ripping higher at present.

The Japanese Yen has been dumped in the last 1h of trading, with USD/JPY jumping from 118.80 up to 119.60, while AUD/JPY is breaking above 83.00 resistance. AUD/USD has managed to settle above the 0.6935 resistance, while EUR/JPY does so above 133.00/133.15.
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Source:: FX Street