A step-by-step guide for writing a AP tweet hacking story: 1.) Pass over the interesting fact that USDJPY also moved sharply... 9.) Head over to FT Alphaville for the full guide. On the virtuous circle of exporting deflation: TD Securities" Richard Gilhooly has a rather insightful way of looking at the whole BoJ effect. "While it remains a contentious point and as yet unproven, Japan's devaluation and soaring Nikkei vs slumping DAX or Bovespa has all the hallmarks of a competitive devaluation," he writes in a note on Tuesday. While this has been said before, Gilhooly's note gets to the point particularly well. Click through to Izzy's post for more of his argument and further discussion. The gold-Barca bubble: David Keohane and Jamie Chisholm note - with their most serious game faces on - the rather prescient timing of the unveiling of a pure gold replica of Lionel Messi's left foot in Tokyo. Shares in the group rose in the wake of the trading statement, which kicks off the reporting season for the UK banking sector and precedes Barclays" annual shareholder meeting on Thursday. Markets: European stocks are adding to recent strong gains, while Asian bourses have rallied hard as investors shrug off poor economic data to focus on some well-received corporate earnings and prospects for more central bank support. Commodities, which have had a tough time of late, are attracting buyers, particularly gold, with the yellow metal up $14 to $1,427 an ounce after Goldman Sachs said it had closed its short position.