#OPINIONLEADER# Morning market update 1 12 2021: Caution remains in markets after whip saws were in play last night, as the dust settles risk sentiment remains jittery and is quick to flip in either direction therefore staying nimble and trading with smaller size is best practice during these times. DXY testing 96.00 after the dip to 95.50 was bought up following Powell's speech but short lived, markets still have a great deal of uncertainty to contend with and further testimony is taking place later tonight to be mindful of. Shorter term holding of positions still in focus, GBP is the main focus in today's currency call with price trading under the 1.3365 resistance level and with the BoE Gov Bailey speaking at 22:00 GMT+8 get the game plan for on today's call.