Currency Updates:
U.S. Dollar Trading (USD) played in to the hands of co-ordinated central bank efforts to intervene on recent Yen record highs, as well as proposed Libyan Ceasefire agreement on Friday sent a bout of risk orientated buying frenzy during Asia. The Group of seven nation&rsquo s co-ordinated intervention was the first seen since 2000, in an attempt to aid Japan&rsquo s recovery from recent natural disasters. The NASDAQ closed higher 7.62 pts (0.29%) and the Dow Jones 83.93 (0.71%). Global headlines will remain key driver in Currency markets to begin the week, with perception weekend airstrikes over Libya may limit risk appetite.
The Euro (EUR) surged against the USD and the JPY on Friday following the ECB involvement in co-ordinated intervention. Japanese Finance Minister Noda made specific mention throughout the trading day that the ECB may further intervene during the European Session on the EURJPY cross, pushing the pair from lows near 110.53 to as high as 115.58. The EURUSD traded with a low of 1.3978 and a high 1.4165 on Friday
The Japanese Yen (JPY) was the biggest mover on Friday and very much in spotlight. The USDJPY having traded at lowest levels since WWII of 76.25 in the previous session of Thursday was well off historic lows following multi-lateral central bank intervention at the stroke of 0000 GMT to lift the pair from levels around 79.80 to session highs 82.01. Late Friday saw reports circulate that TEPCO had restored power to its Dai Chi nuclear power plant, which ensured the pair closed at 80.75 for the week. Markets will remain on alert as the cloud of uncertainty that is a nuclear crisis continues to hover over currency markets. Prime Minister Kan was quoted in the medias as saying &ldquo the situation at the power plant is unpredictable&rdquo . Traders will continue to look to equity markets as a driving indicator on investor sentiment. A much welcomed bank holiday is seen in Japan on Monday, in light of the Nikkei taking a battering last week, to close down 10.2% to 9206.75
The Sterling (GBP) held no resemblance to consumer confidence coming at record lows, as the BoE&rsquo s involvement in co-ordinated intervention pushed the GBPJPY pair from 127.80 to higher near 132.53, simultaneously taking the GBPUSD along for the ride to trade as high as 1.6256.  
The Australian Dollar (AUD) also benefited from significant JPY cross selling, as the AUDJPY rallied 400+ points to levels near 81.44 helping the AUD/USD zone in on that key 1.0000 level once more. The AUD/USD fell just shy of the $1 mark as China&rsquo s effort to raise reserve rates by 50bpts ensured momentum waned to record a high of 0.9979 for the trading day.
Oil & Gold (XAU) both pushed higher on Friday following the UN vote on a no fly zone over Libyan air space. XAU has traded as high as 1427.35, whilst Crude Oil has pushed as high as 103.10 on Monday open in response to coalition military forces firing 100 cruise missiles on Libyan anti-aircraft targets over the weekend.   
