Earlier today, when we observed the overnight "news" floated by Japan's Nikkei we cautioned that...
Also the Nikkei is best known not for breaking news but for floating trial balloons
— zerohedge (@zerohedge) September 13, 2013 [5]
In other words, the report was merely leaked to gauge the market response. Sure enough, the response was gauged, and here comes the official news, shooting down this latest trial balloon.
- White House Is Saying Reports In Japanese Press That Obama Is Set To Name Larry Summers Are Wrong - Dow Jones
Sure enough, any modest USD strength accumulated on the overnight rumor, is now being promptly unwound.