guy johnson joins us now and jane foley is still with us.is related to what we have been hearing from ryan. we get the knee-jerk reaction and start to analyze the situation. this to partly explain why we saw such a benign reaction yesterday. one of the reasons for that is this ratio has been going up sharply over the last few weeks. in many ways, the market was pre-positioned for an expectation that we were going to see negative news. as a result, when we get negative news like this, at least the market is set up for it. anna: more options to sell than to buy going into this. guy: exactly. you did see it spike a little bit, but then it came down, reflecting this muscle memory that the market has. the point i am trying to make is a simple one. the market was set up for the negative news. we got the negative news. it was not the news the market was expecting, but it was already pre-positioned. manus: such dovish action by major central banks in the markets have run up so far, so fast. the velocity of the recovery in equities was so monumental

withg up, we focus on fx jane foley.have data out of japan this morning, and we are expecting shinzo abe to start talking anytime. james bevan, saying that the great experiment is just not working; they probably have to find another way out. that is a discussion will be having next. dollar bulls remaining skittish; we are expecting janet yellen to speak later today. ♪ thank you. ordering chinese food is a very predictable experience. i order b14. i get b14. no surprises. buying business internet, on the other hand, can be a roller coaster white knuckle thrill ride. you're promised one speed. but do you consistently get it? you do with comcast business. it's reliable. just like kung pao fish. thank you, ping. reliably fast internet starts at $59.95 a month. comcast business. built for business. tom: good morning, everyone. francine lacqua in london; tom keene in new york. international relations are front and center. here is vonnie quinn. vonnie: thank you. a hijacker who forced in egypt air jetliner to land in cyprus is

jane foley, as always, thank you, thank you, thank you. yesterday's historic hour.g up, peter guber with deutsche bank. on.re thrilled to have them this is fun. francine lacqua, tom keene, bloomberg "surveillance." ♪ i refuse to translate from fahrenheit to centigrade on a friday. the average march temperature is 48 degrees. it has been spectacular in new york, 76 yesterday, 67 degrees today. that would be fahrenheit, francine. fahrenheit. francine: talk to the hand. it's about 16. 16 degrees. tom: refuse to translate from fahrenheit to centigrade on a friday. the average march temperature is 48 degrees. i am so inept.ctacular right now, let's get to the bloomberg business flash. nejra: thanks. intercontinentalexchange has decided to keep the london stock exchange. that is according to people familia familiar with the matte. it keeps the london exchange. and i have an easier time with british regulators. bank of america has fired at least 15 senior bankers in its investment banking unit, according to people familiar with the matter. they also cut junior positions. i