The market has only had eyes for the federal deficit and may have ignored the continued flat to weak data coming from Europe and this risks a rebound in the dollar - but cause the Yen to strengthen against the European currencies.

The fiscal half year end promptly stopped yen strength in its tracks.

Moribund conditions persist

"Natsu bate" overcomes the currency markets

Bearish barks and wagging tails in the forex markets...

But currency markets remain range bound...

The yen settles into a trading range...

The Nikkei, like many other benchmark indices, is hardly the volatile, motion sickness inducing headline producer that it was of months past. But no matter how hard I’ve tried, I just haven’t been able to turn myself into a green shoots market cheerleader.

So why don't the commentators know why?