Review We expect a quiet end to the week without major intraday fluctuations. Focus will once again be on whether USDJPY will manage to breach 100 and whether SP 500 will continue to go from one all-time high to the next. Hence, we are once again in for a day with rising risk appetite and with EURUSD and the EM currencies much-coveted. Cyprus: Over the past week the EU has realised that Cyprus’ financial need is bigger than initially assumed – now EUR 23bn compared to EUR 17bn previously.
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