ECB: Stark; Says should not be CB’s job to steer…..

08/03/2010 | 18:40 GMT

ECB: Stark; Says should not be CB’s job to steer asset prices.

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In-line CPI report leads to a blockbuster day for US stock markets
US stocks open higher led by the NASDAQ index
USD/JPY sent for a spin but now moving higher as BOJ rate hike odds fade
Brazil's central bank hikes rate to 12.25% (from 11.25% and vs. 12% expected)
USD/JPY looks to US CPI report to potentially break ping pong range
BOJ reportedly erring towards keeping interest rates unchanged next week
USD/JPY back above 153.00

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