Marketmind: Jay walks the walk, markets get Powell-slammed

To slightly mangle Bruce Springsteen's"Born To Run": the market's jammed with broken heroes on a last chance Powell drive; everybody's out on the run tonight, and there's no place left to hide.

Asian markets will feel the aftershocks when they open on Wednesday, with Japanese current account data the only major economic data point on the calendar that could potentially influence the yen. Given all that, it is maybe surprising that Wall Street's three main indexes 'only' fell between 1 per cent and 1.5 per cent.

Unsurprisingly, sterling and the Aussie dollar were easily the worst-performing major currencies on the day, but the greenback is sure to flex its muscles against Asian currencies on Wednesday.

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