UJPY - It Is The ECB's Turn But Little New To Be Said Or Done

• The S&P 500 and Nasdaq gapped higher yesterday to record levels.
• The reflation theme lifted Asia-Pacific shares for the third session today, with South Korea, Taiwan, and China leading the advance.
• Europe's Dow Jones Stoxx 600 gapped higher and is consolidating.
• The US dollar is lower against nearly all the major and emerging market currencies today.
• Sterling, the Norwegian krone, and the New Zealand dollar are jostling for the lead with around a 0.6% gain.

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