The mild AUD/USD recovery back to .9915 has been immediately negated as Tokyo enters the fray and sells risk trades, as they often do on Friday. The Chinese rate cut now has traders worried that the Chinese data this weekend might be on the weak side, and this is adding to risk-off sentiment. AUD bulls can expect some respite a bit later on when RBA chief Glenn Stevens gives a speech, when he will undoubtedly extol the positive virtues of the Australian economy. (full story)