The Financial Fixed Odds update from David Evans, Market Analyst, BetOnMarkets.

Yesterday saw a big reversal in currency markets back into the US dollar.

This morning we are seeing a similar move back into the yen.

It seems that markets can’t shake the fears surrounding Greece and any positive moves from Monday are starting to unwind:

Also in the news today

This morning we’ve already had the latest rate statement from the Bank of Japan.

As widely expected, the BoJ elected to keep rates on hold, but also refrained from expanding its asset purchase policy. So far the reaction has been positive for the yen with big moves against major currencies.

Coming up we have UK public sector net borrowing at 09.30. At 12.00 we have Canadian inflation data (CPI), with a positive number expected after last month’s deflationary figures.

At 13.30 we have US PPI and monthly unemployment claims. Analysts are expecting unemployment claimants to remain the same as last month.

And finally, to top an already busy day, we finish with the Philly Fed Manufacturing Index at 17.00 which is expected to show an expansion in US manufacturing activity.

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