As tipped by the knee-jerk reaction in EUR/USD and EUR/JPY, the “market-friendly” outcome from the first round of the French elections looks to have set the stage for a decidedly risk-on-ish Monday.
Here’s a quick look across markets as we head into the overnight session.
S&P futs are up ~1%…
Treasury futs are down the most since March 1…
USD/JPY is up sharply…
Along with EUR/JPY as the yen is dumped for riskier bets…
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