Yesterday, ECB Council member Stark, a German, complained that Greek deficit spending is too high and warned there will be no bailout of that government by the rest of the EU.  Greek officials rebutted him, saying no bailout will be necessary.

ACBs and semi-officials buying more than yard of EURUSD around 1.4290-1.4320 together caused early London squeeze up to 1.4365-80 area and as Fed Officials Discussed Increasing Asset Purchases at Last Policy Meeting caused a break of 1.4380 to extend  the  rally up to  1.4435.

On the other hand, despite softer usd later on the day, Yen weakened following news that FM Fujii resigned because of his ill health.  Fujii had favored a strong exchange rate.

On a day like that, I intended to stay low profile and did not buy back the stopped out long USDJPY below 91.60 early in the morning around TKY fixing time, which might be called disciplined by not being stubborn on a losing position or might be called regret !

I managed to sold some EURUSD around 1.4435 area and small Cable around 1.6050 after buying dips post- Greece comments and EURUSD got stopped out at 1.4485 after FOMC minutes.  I was lucky enough to buy mighty Cable back at 1.5955.