A solid day on our market today with the main news being the G7 countries agreeing to a co-ordinated currency intervention effort to mitigate some of the strength in the Yen. Our dollar also enjoyed a solid day after some recent weakness – currently at 0.9927 against the USD. The XJO managed to put on 71.1 points or 1.6%. The Telecommunications sector was the only laggard in the red for the day, down 0.4%. The Energy, Gold, Metals/Mining and the Materials sectors were the standout performers – all up 2.4% or more. The Dow Futures are up 83 points at time of writing although they have come off a bit in the last half an hour or so. We have been expecting a bounce of some sort. This looks like a beginning and only time will tell as to its duration. All eyes seem to be on Japan at the moment – the Nikkei is currently up around 2.7% as it tries to claw back some of the recent destruction.