Fed taper out of the way. Summers withdrawal from fed chairman race was the deal maker. Shorting USD is back in fashion also boosting PMs long bias as well as global stocks. Best bet is going long the hard sold emerging markets.

Long aussie market initiated @5260. Firmly in all time high levels.

After tapering risk event dead on arrival, JPY & USD are fighting out for the carry funding currency berth. Will have to relook the yen shorts I.e. long AUDJPY. But abenomics will react if JPY tries to strengthen. This USDJPY fight just got interesting and tougher to read.

Am stepping harder on Jpy gas peddle, am enjoying this trades

The pips were sizable.I expected more speculation before and slightly after the event but it seems as if the market was waiting to take positions afterwards.

@fxtech am with you on the EURAUD long especially with the market expecting Frau Merkel to win her 3rd general election and that there will not be a grand coalition with the main opposition SDP.

I am also expecting RBA to respond with another rate cut as AUD has risen 6% since they last met and if memory serves me right they said the AUD was "still high" when it was trading at 90 Cents.

Mr. Market could be waiting for the showdown on the debt ceiling.......

"Fed-watcher Jon Hilsenrath of the WSJ said in an interview with Sky Australia today said that the Fed is concerned that a "brawl" between House Republicans and the White House over the government debt limit and debt ceiling that will take place in coming weeks could upset markets, damage the US economy - and this was one of the factors behind their decision Wednesday not to commence "tapering" their QE program."

www.forexlive.com/blog/tag/hilsenrath/

US budget stand off causing markets to sag as Oct closes in. By Oct 17 the deadlock must be resolved.