From the Fed

We won’t get anything else until Bernanke starts taking questions. These opening statements are unbearable.

  • Stops below 1.2240 in EUR/USD taken out. More bids at 1.2210/00.
  • Cable bids at 1.5570/80 are being tested now.
  • NZD/USD and AUD/USD fall below 200-day moving average

Naturally AUD/USD fell directly to the 1.0250 option expiry at 10 ET.