ICYMI - Monday brought a pile of ECB speakers, all jumping on the hawkish bandwagon

It started over the weekend:

• ECB's Knot: "Expect us to raise rates by 0.5% in February and March ... to not be done"
• ECB's Rehn says he sees reasons for 'significant' interest rate increases before summer

And intensified on Monday during Europe time:

• ECB's Kažimír: We need to deliver two more 50 bps rate hikes

And didn't let up through US time:

• ECB's Lagarde: Inflation in Europe is far too high
• ECB's Visco: Possible to reach 2% inflation without 'particularly negative' consequences

EUR/USD has done a round trip up and down since Monday morning here in Asia (marked with the arrow):