Market repeating its Monday/Tuesday routine

It has taken a few hours but Asia has showed once more it has little interest in risk trades with the US Dollar gently bid across the board. Some modest AUD/JPY selling took the shine off AUD/USD (low 1.0348) whilst elsewhere players want to wait to see the reaction of Italian bond yields in the wake of the promised Berlusconi resignation. Regional stock markets are underperformers with the exception of HK. The next batch of Chinese data is due at 0530GMT. Stops not surprsingly are reported below 77.50.