The Bernanke comments have put the focus back on the USD sending EUR/USD out of its short-term range and unsettling the bears. USD/JPY didn’t know how to react, with bearish USD sentiment being counteracted by upward pressure in the Yen crosses. The market has been desperately seeking some focus and if the bullish USD/JPY move is now taking a breather, we may be in for a few weeks of bearish USD action against the European majors.
Nothing of note on the economic calendar.
Good luck today.
