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Wall Street to open higher

FXStreet (Mumbai) - The US Equity markets are likely to open higher today after Bank of Japan announced a surprise expansion of its monetary stimulus earlier today, which triggered a “risk-on”rally in the stock markets across the globe.

The DJIA December futures are trading 1.12% higher at 17,304 levels, while the S&P 500 December futures are trading 1.26% at 2013.65 levels. Meanwhile, the Midcap Russell 2000 December futures are trading higher 1.88% at 1174.80 levels. Moreover, the “risk-on rally” is likely to push down the implied volatility levels in the market. Thus, S&P 500 VIX November futures are trading lower by 3.72% at 15.53 levels.

EUR/USD breaks down to fresh lows

The euro was unable to test the 1.2600 area against the dollar since the EUR/USD found new selling interest at 1.2590 and, following US personal income and spending data, the pair was sent down to new lows below 1.2520.
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USD/JPY breaks above 112.00

USD/JPY continued to advance at a firm pace at the beginning of the New York session and broke above the 112.00 level, refreshing its 7-year high.
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