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Flash: Markets are displaying classic ‘risk off’ tone – TD Securities

FXstreet.com (London) - Alvin Pontoh , FX & Rates Strategy, TD Securitie said that the FX markets are displaying a classic ‘risk off’ tone with USD being well bid and the JPY even more so.

USDJPY (+0.2% to 102.70). He added that the Antipodeans are the biggest casualty today, with AUD sliding to a fresh one-year low at $US0.9626 and NZD just 30pips away from the $US0.80 mark.

EUR/USD in highs above 1.2880

Better-than-expected PMI data from Germany and the EMU are propping up the intraday upside in the cross, reaching the area of 1.2885/90 so far....
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