Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for August 22.

Todd Gordon is targeting higher prices in the USD/JPY and EUR/JPY.

Some financial commentators are beginning to see the Fed's emergency rate cut last Friday as "Bernanke's first big mistake."

The foreign exchange and currency markets are finally feeling the fallout from yesterday’s sharp move in Treasury bill yields.

The Bank of Japan’s August rate decision is not likely to be a major market mover, though commentary from central bank Governor Toshihiko Fukui could add volatility.

Ten years ago, everyone was worried about Asian contagion and now ten years later, that concern has turned to US contagion.

For the fourth time since the first quarter, the People’s Bank of China raised lending rates in the country in attempts to curb inflationary pressures of an overheated economy.

Forex markets sent the US dollar slightly lower on the day, as a sizeable drop in domestic Treasury yields increased the attractiveness of major foreign counterparts.

The Federal Reserve has done a complete 180 over the past two weeks, as the central bank has dropped their long held stance that inflation remains their "predominant concern" and instead, has finally turned their focus to the rapidly deteriorating status of the economy and financial markets.

Currency technical analyst Jamie Saettele analyzes the Japanese yen against the Canadian dollar, Swiss franc, and New Zealand dollar.