Throw a few trillion in banking sector guarantees at the market and you can get this sucker movin’. The US averages rose 11% on average as did the Mexican market. Brazil took the prize, rising 14%.
USD/JPY looks to have put in a durable bottom after overcoming the 101.50 level while EUR/USD remains somewhat of a laggard, closing off even its intraday highs. A move through 1.3680 is needed to reignite the outlook for that pair. It closes at 1.3588.
