Fed Chairman Ben Bernanke's written testimony to Congress will be released at 13:30BST before he sits down to speak at 15:00BST which is where we could see the markets move as polticians grill the Fed Chairman to elaborate on his concerns over the US labour market, which caused a big market reaction last week. Any moves are likely to manifest themselves in the USD/JPY given its correlation to US 10 Year bond prices.

Disclaimer: CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.