USD/JPY has closed up the BOJ inspired falls and returned to the 101.30/40 level that resisted overnight. Stronger resistance lies up at 101.60. The break back ablove the 200 dma and big figure is likely to see mild support coming in.
USD/JPY h1 chart 21 05 2014
GBP/JPY is playing ping pong between the 55 & 100 dma in the 170.61/171.10 range and EUR/JPY is trying to base itself just ahead of the 200 dma at 137.88
EUR/JPY daily chart 21 05 2014
US stock futures are painting a positive picture for the open with the S&P +6 at 1874 and the Dow +60 at 16397. US bonds are looking firm at 2.54% having been as low as 2.498% today.
Yellen is up at 16.30 (gmt +1) speaking to New York university graduates at Yankee stadium. It’s a prepared text and they’ll be no Q&A. I’ll repost later but the live link will be here
