EUR/USD bounced 150 points from its low to high overnight.
USD/JPY as low as 98.87, more than 150 points down from its Monday highs
GBP, CHF, NZD all big movers.
And, of course, AUD rallied hard, up more than 170 points from its Monday Low.
All this ahead of the RBA announcement today. Wow! (Correlation/causation comments welcome)
The Reserve bank of Australia meet today to decide on the next course of monetary policy goodness. The market is pretty convinced there will be no change in rates, so most attention will turn to the accompanying statement from RBA head Glenn Stevens.
The announcement is scheduled for 0430GMT (2.30pm in Sydney)
