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American equity markets rise as G7 looms

FXstreet.com (Barcelona) - The US stock market experienced a positive, albeit soft opening Friday, ahead of the G7 meeting that promises to address the bourgeoning situation facing the JPY and its plunge against major currencies.

Beginning with the indices and composites, the NASDAQ fell +0.36% as it settles in region of 3420.95, up +12.19 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1630.19, ascending +1.86 points or +0.11% at the time of writing. Finally, the Dow Jones has edged higher at the opening, trading in the zone of 15093.30, presently +0.07% after a movement of +10.68 points.

Sectors are nearly all positive at the opening, however the Energy and Basic materials sectors have distinguished themselves as the losers thus far, falling -0.43% and -0.33% respectively. In other news, the price of crude is testing USD $94.36/bbl Friday.

Forex: AUD/USD testing parity

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Forex Flash: Strong US data points offer potential for exciting JPY cross rallies - BMO Capital Markets

Stephen Gallo, European Head of FX Strategy at BMO Capital Markets believes that extreme data points have the potential to incite the potential for some pretty exciting rallies in the JPY crosses.
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