The week has begun off with a bang. Follow through selling of sterling in early Asia saw its losses extended to almost $1.5070 before recovering almost a cent by early Europe to about $1.5165, filling the gap created by the lower opening in Asia. The dollar gapped higher against the yen on reports that Asia Development Bank Kuroda may become the next governor of the BOJ. The dollar reached a new 2-year high near JPY94.75 before coming off a big figure to JPY93.75 in the Europe. Japanese stocks liked the yen's weakness. The Nikkei jumped 2.4%. The gap extends to last Friday's high near JPY93.52. Cross rate buying has ... (full story)