Dollar and Yen Pulled Back as Focus Turns to Yellen's First Testimony as Fed Chairman Markets reversed some of recent moves after ECB announcement and US employment data last week. After initial fall to 15349.69, DOW staged a strong rebound towards the end of the week and closed higher at 15794.08. Same was seen in treasury yields. 30 year yield dropped to 3.539 but drew support from 3.565 and recovered to close the week higher at 3.665. 10 year yield also closed the week higher at 2.675. Dollar index failed to break through 81.48 resistance and weakened towards the end of the week to close at 80.691. In the currency markets, New Zealand dollar was the strongest currency last week followed by Australian dollar, which was boosted by RBA. Canadian dollar also strengthened thanks to a solid employment report but was over shadowed by European majors. Yen was the weakest as risk aversion receded. Full Report Here... | 
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