LONDON, Mar. 12 (MNI) - Increased risk appetite, with yen taking the brunt of the outflows on suggestions there could be further QE from the Bank of Japan, allowed euro-dollar to extend its recent recovery to just short of $1.3800.

Equity markets, along with commodities, were all seen benefitting from the increased risk-on tone.

LONDON, Mar. 12 (MNI) - Cable extended recent recovery gains through European morning trade Friday, with Asian sovereign demand noted as a main driver, though continued general risk appetite aided the move up.

Rate touched a high of $1.5171, holding off best levels ahead of the New York open, though the underlying tone remains buoyant.

LONDON, Mar. 11 (MNI) - Risk remained in favour during European morning trade Thursday, following on from Wednesday night's strong demand for the US 10-year treasury auction.

This appetite weighed heavily on yen, as dollar-yen moved up to pressure the top of the daily Ichimoku cload at Y90.55. The euro also benefited from risk appetite, with euro-dollar buoyed off early lows of $1.3620.

LONDON, Mar. 11 (MNI) - US custodial and corporate demand for sterling provided the drive to take cable back above $1.500, with triggered stops through $1.5020 and $1.5050 taking it on to $1.5065 ahead of the New York open.

LONDON, Mar 10 (MNI) - Yen lost ground during European morning trade, following on from a subdued Asian session, with sales from sovereign funds prompting the move, filling Japanese exporter demand at the same time.

Dollar-yen was pushed to a high of Y90.50, while euro-yen edged up to Y122.88 with yen holding toward softer levels ahead of the New York open. Euro-dollar consolidated early losses to $1.3545, with recovery attempts holding below $1.3600.

LONDON, Mar. 10 (MNI) - Release of disappointing UK production data reversed sterling's recovery efforts with reactive sales taking cable to fresh intraday lows of $1.4873, while euro-sterling was pushed back above stg0.9100.

LONDON, Mar. 9 (MNI) - The release of disappointing UK trade data, along with warnings from ratings agency Fitch over the UK's credit profile, weighed on sterling through the european morning session Tuesday. Cable was forced down to lows of $1.4938, extending its corrective pullback from Monday's recovery highs at $1.5197, while euro-sterling edged back toward stg0.9100. The pound was holding off its worst levels ahead of the New York open.

LONDON, Mar. 8 (MNI) - Euro-dollar extended its recovery through Asia, and into early European trade Monday, as market favoured risk following Friday's release of better-than-forecast US employment data.

Yen was seen in balance, weakened by risk appetite sales but meeting Japanese exporter financial year end demand interest.