The EUR/USD opened at 1.4225 in Asia, touched a high at 1.4228 early and then went dawn to the low at 1.4203 during the morning on Japanese profit taking in the YEN crosses, moving the EUR/JPY from 115.52 to 115.08. The EUR/USD touched a session high at 1.4232 in the afternoon and now consolidates below. USD/JPY traded heavy whilst the JPY crosses remained better bid with risk on and stocks up. Anxiety in the market over more intervention saw USD/JPY trade up to 81.29 early but the lack of action and relatively good-sized selling by Japanese exporters saw the pair fading, trading down to 80.90 before steadying. Cable consolidated in a narrow range in Asia today after the overnight move that saw it touch fresh 2 week highs at 1.6328. The pair opened at 1.6313 and consolidated in a 1.6300/16 range, last 1.6313. Cable touched lows for the session following a Dow Jones piece stating that according to government sources, there was no decision by the G7 to limit joint JPY action to Friday.

9:30 GMT time The U.K. is to publish official data on consumer price inflation forecasted at 4.2% higher than the previous data, which accounts for the majority of overall inflation. The country is also to publish government data on public sector borrowing.

12:30 GMT time Canada is to publish official data on retail sales, the primary gauge of consumer spending, which accounts for the majority of overall economic activity forecasted at 0.8% better than the last figures.

21:45 GMT time New Zealand is to publish official data on the country's current account.

As for Equities in US, we see Dow gained by 178 point 12,037 by 1.50%, Nasdaq to 2,692 1.83%, S&P 500 gained up to 1,298 by 1.50%. In Europe we saw FTSE 100 Positive 5.786 by 68 points. In Asia, Nikkei was up at 9.608 by 4.36%, Hang Seng at 22,843 by 158 points up and Shanghai trading positive at 3.051 by 0.17%.

Sources: Various