Euro and Sterling breaking its top

Aussie and the yen were extremely volatile during the beginning of the Asian session yesterday.

Yen saw the low of 82.96 last night before some buying pulled up the market to close above 83.00.  BOJ cut target for overnight rates to a range of 0.0%-0.1% from its previous target of 0.1%.

AUD dropped down to below 0.9550 but then recovered all its losses.

Euro trudged even higher up yesterday pushing up to 1.3850.

Sterling as well pushed up above 1.5900 and broke 1.5920 levels. Will be interesting to see if it can stay this high and push towards 1.6000.

Data today

Euro zone GDP – 9am GMT

German Factory Orders – 10am GMT

US ADP Employment change  - 12.15pm GMT