The yen become popular again as risk-on turned risk-off. This sent USD-JPY to the mid-113s from the 114.00 area, while the equity market correlative AUD-JPY cross shed a percent. Oil prices more than gave up intraday gains, and Iran oil officials said that they believe the global pact to freeze output won't be enough to balance the market. Wall Street turned negative, while European stocks finished mixed, the DAX managing a 0.9% gain while the FTSE underperformed with a near 1% loss, aided lower by ill-timed hawkish-leaving remarks from BoE deputy governor Cunliffe.
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