FX: Option expiries for today's 1400GMT cut,
* Euro-dollar; $1.2670, $1.2700(large), $1.2900. Exotic $1.2615-1.3615 DNT
* Dollar-yen; Y79.00, Y79.75, Y80.00
* Euro-sterling; stg0.8000
* Aussie; $0.9900
* Dollar-Canada; C$1.0100
BUNDS: June Bund futures are sharply higher in early trade, touching an all-time high at 114.03, before drifting. The contract was last 24 ticks higher at 143.91
GREECE: The FT says senior European leaders are attempting to turn the June Greek national election into a referendum on the country's membership of the euro, a high-stakes political gamble that officials believe can win back voters disillusioned by the tough bailout conditions but eager to stay in the single currency.
EUROPEAN STOCKS: Major European bourses are seen trading lower Friday, pressured in the wake of Moody's downgrade of Spanish banks. Spreadbetters Cantor Index are calling the FTSE down 54, the DAX down 46 and the CAC down 20.