- Military coup in Honduras to oust the leftist leader has Venezuelan hothead Chavez threatening military action
- Situation in Iran continues to simmer although the opposition leader has reduced some of his demands and this has eased tensions for the moment
- Pakistan continues to struggle to deal with the rise of the Taliban in certain areas- which is worrisome as it is a nuclear power. Upcoming elections in Afghanistan will show how much of a power-base the resurgent Taliban is building in the wider region.
Any major developments on these fronts will help the USD and see the JPY crosses slide.
