Investors are too beat up to be running ahead on speculation. It’s G7 day and the rumors of possible concerted monetary easing, the bait, is not been taken by this market. It seems it prefers to wait for more concrete evidence. Will the Japanese call for global policy makers help to offset pressure on the JPY be ignored? Trichet publicly supporting the SNB yesterday and along with the US having to ‘chastise’ the BoJ’s unilateral intervention efforts will probably ‘erode any innovative response’ from the G7 this weekend, mind you we have been surprised in the past. A bigger than expected job stimulus plan by Obama has ... (full story)