It should be a reasonably busy day and I expect that we will see plenty of ups and downs across all pairs. Put your trading caps on and don’t get too married to any particular view.
The BOJ are unlikely to offer any surprises and personally I would be surprised if Mr Bernanke does anything surprising either. Comments from Bullard and Dudley would seem to suggest that a mention of ‘tapering’ is an outside bet and the fall in 10-year US yields late in the day suggests that the market thinks the same thing.