The dollar and yen rally after risk aversion picks up on US Treasury Secretary Paulson abondons plans to absorb troubled ABS. Pound plunges after BoE Governor King suggests rates could potential go to zero.
Stories to watch on DailyFX
· Technicals point to breakouts and revived trends. Have any range trades survived the shift in market conditons? · DailyFX Analysts offer up their forecasts on the yen crosses as risk aversion rises. Send any comments or questions to jkicklighter@dailyfx.com.