Markets are understandably quiet but most of your riskier assets have an underlying bid to them. The S&P trades within a point of session highs, now at 1109, oil is up over $2 bucks (though part of that is due to a supply disruption), 10s are holding near a 2.80% yield, nearly 40 basis points above where they bottomed at the height of the double-dip scare of late August.
AUD is the most direct currency beneficiary, holding firm near session highs, now around 0.9260. EUR/USD is still range-bound while USD/JPY is set to close above 84.00 for the first time since Monday. It trades now at at 84.12 and will close nearly unchanged on the week at present levels despite mass-hysteria over potential intervention, the upcoming leadership vote in Tokyo, et al…