Update: Short AUDJPY @ 99.76

Took profits @ 99.16 (+60p)

Been reading about UK economics, especially their subprime industry. It looks pretty ugly and it amazes me how the BOE has turned dovish quickly. Are they better informed? Sentance was rather "scared" of what to come in a speech given in Leeds yesterday.

The market has already discounted much of the bad news...

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