Irish PM Kenny says Ireland is close to a budget deficit.
Adds that austerity alone will not close the deficit.
Risk Sentiment Higher
Equities are up a touch with Dow futures +40; Euro is trading off session highs. In the case of the Euro vs. the JPY, the pair has been trading in a tight range for most of the night, unable to break above the 102.42 high.
If we can break through hourly resistance we look to the daily chart for the next topside target which comes in at 102.569.




