On the US data front last night, we saw the US weekly jobless claims come in better than expected at 450K, but we did see the Philadelphia index drop down to -0.7%. So some mixed data coming out of the US. It was a quiet session as it seemed like investors were cautious and were waiting to see what movement comes out of Japan.
EUR – Euro headed higher as all the Euro crosses ran up.
Bids seen at 1.3050 with stops below, and offers at 1.3120-30 with stops above.
JPY – Lots of buying of USDJPY kept the yen supported, as there was also no announcements out of the BOJ after the intervention.
The next resistance looks to be at 86.30. Some bids are seen at 85.10-30 levels.
AUD – held onto the range of 0.9330 – 0.9400
Overall markets seemed to have traded in a range over night.
Data today:
German CPI - 6am GMT
US CPI – 12.30pm GMT
University of Michigan confidence index – 1.55pm GMT
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