U.S. Treasury To Invest $25bn in JPMorgan, Citi, BofA, $10bn in Goldman Sachs

Within the last 10 minutes it was revealed that the Treasury department announced plans to invest $25 billion each in JP Morgan, Citi, and Bank of America. Goldman Sachs is to receive $10 billion, while Bank of New York, State Street, and Wells Fargo have been set to receive undisclosed amounts at the moment.

Forex traders may see volatility continue to lose traction on this news. As such, carry-trades may be initiated across the board, allowing the Japanese Yen to sell off.

USDJPY traded at 102.35 at 19:39 EST
GBPJPY traded at 178.42 at 19:39 EST