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Japan All Industry Activity Index (MoM) came in at -1%, below expectations (-0.7%) in November

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Bouts of risk aversion return, will it last?

Risk has worsened in the last 30 minutes, taking AUD/USD back towards the 0.69 handle from 0.6960 high, USD/JPY is re-testing the 117.00 handle, while EUR/USD is well off lows at 1.0867, last at 1.0889.
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Asian stocks trim gains as Oil recovery falters

The Asian equities snapped its rebound and turned lower, with markets seeing the recovery as a dead cat bounce, while the recovery in oil and industrial metals loses steam.
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