- Fed chairman Bernanke didn’t say anything exciting and the FX market hardly moved during his Q&A:
- EUR/CHF was again first mover, gapping from 1.2320 to 1.2370 on modest flows:
- EUR/JPY touched 120 again but fell very hard on comments from Japan’s EconMin Amani:
- Similar to yesterday’s comments, he was reported as saying that Yen fall was too quick although there is some debate about what he exactly said:
- USD/JPY fell to 88.65 and EUR/JPY to 118.60:
- CHF/JPY was obviously the big mover, down from 97.20 to 96.00:
- AUD/USD was very quiet in 30 pip range with focus on neither of these currencies:
- Gold $1670/oz; Nikkei +0.5%; Hang Seng -0.3%.
