A balanced statement from Fed Chair Yellen did not help the mood: the safe haven yen is seizing the day and the euro is also moving higher. All the rest are falling. We have another round of both the world most powerful central banker and the world’s safe haven of choice: the second part of Yellen’s testimony comes amid even lower oil prices and a gloomier market mood. Will she throw a bone to markets or stick to the script? And with Japan returning from a bank holiday, will the BOJ move from checking prices to action or not?
Wrap up of the morning show for February 11th 2016: