Most currency's have remained within Friday ranges so far in Monday trading, though USD-JPY briefly traded above its Friday high in making 114.00 and AUD-USD stamped out a fresh seven-month peak at 0.7593 before tipping to the 0.7530-40 area. EUR-USD remained in a narrow range in the mid-1.11s. Stock markets rallied in Asia, tracking the risk-on sentiment seen in Friday following the delayed positive reaction to the ECB's bazooka stimulus package. The Fed ,BoJ and BoE will make policy decisions this wee; we expect all to stand pat.
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