Market Review Yesterday’s session was fairly pedestrian until we hit the latter stages of the US session and the broad based US dollar strength finally drove a breach of the key 100 resistance in USDJPY. This triggered a powerful technical break out that had a ripple effect across the rest of the currency space. The Yen weakness also translated across to other asset classes with the Nikkei 225 spiking higher and JGBs taking a hit with correlated moves in corresponding European and US markets.
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Bernanke may be speaking at 14.30pm where he may talk about the US economy