- Bank of America may need $34 billion in new capital according to one source
- Bernanke says many stress-test banks will not need any help
- Australian retail sales +2.2%, balance of trade +AUD2.5 billion
- Another swine-flu death in the US
Risk aversion returned with a vengeance as the JPY crosses were sold across the board. Strong economic data was not enough to help the AUD. Breach of technical support in EUR/JPY at 131.20 saw some heavy liquidation.
