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Equities Lead Charge As All Risk Is On For The Day

In a classic risk-on day, equities, oil and the U.S. dollar rocketed up as gold fell and bond yields rose. On such a briskly upbeat day, it was only natural that the Japanese yen would fall against the dollar about as strongly as did the euro.

The 800,000-pound Godzilla in the room at the moment is the fear of a Federal Reserve interest rate hike.