This comet is rising in the east about 4.30ish, and close to Saturn.
Per Ian musgraves site -
'The Comet, C/2010 V1 (Ikeya-Murakami), is in Virgo. At the moment it appears to be around 2 degrees from Saturn. According to some reports it’s between magnitude 8 and 9, which should be achievable in good binoculars. The best places to see the comet are sadly in the northern hemisphere. In the southern hemisphere it is too close to the horizon and the oncoming dawn to make out. Between the 25th and the 30th the comet is between Venus and Spica.'
http://astroblogger.blogspot.com/
coordinates for Stellarium
[2010V1]
name = C/2010 V1 Ikeya-Murakami
parent = Sun
radius = 24
oblateness = 0.0
halo = true
color = 1.0,1.0,1.0
tex_halo = star16x16.png
tex_map = nomap.png
coord_func = comet_orbit
orbit_TimeAtPericenter = 2455488.31671
orbit_PericenterDistance = 1.71541
orbit_Eccentricity = 1.0
orbit_ArgOfPericenter = 155.076
orbit_AscendingNode = 5.844
orbit_Inclination = 8.913
lighting = false
albedo = 1
sidereal_period = 365.25