Flash: Market volatility – TD Securities

FXstreet.com (London) - In the absence of economic data following yesterday’s ECB decision (no change and no surprise), the spike in FX volatility overnight that extended into the Asia session was the focus, according to teams at TD Securities.

They go on to explain USDJPY hit a fresh seven-week low of 95.55 as the Nikkei plunged another –3%. They added, other G10 currencies held on to their gains overnight but in contrast, the AUD came under renewed pressure from early on, falling to as low as $US0.9465.