Risk appetite returned in Asian session as regional equities rallied. Yet FX markets coasted in constricted ranges. EURUSD rallied softly from 1.2762 to 1.2799 while USDJPY slid a merger 15 pips to 76.78. AUDUSD was able to climb to 1.0323 supported by the China’s decent trade balance coming in at $16.52bn vs. $8.8bn exp. In other Chinese data imports printed at 11.8% y/y vs. 18.0% exp,…

Risk appetite returned in Asian session as regional equities rallied. Yet FX markets coasted in constricted ranges. EURUSD rallied softly from 1.2762 to 1.2799 while USDJPY slid a merger 15 pips to 76.78. AUDUSD was able to climb to 1.0323 supported by the China’s decent trade balance coming in at $16.52bn vs. $8.8bn exp. In other Chinese data imports printed at 11.8% y/y vs. 18.0% exp,…

As the JPMorgan Health Care conference kicks off this week, one question remains for investors in the biotech space. What’s the next takeover target as large drug makers look to build out their pipeline?