The US $ bulls like that data and are taking the opportunity to plough a little higher
USDJPY is at 102.82 chewing through offers between 102.75-85 while USDCHF has started its journey through the offers between 0.9100-10 that I’ve been highlighting and currently 0.9103. I’m selling into this and will have a look again/rethink if 0.9120 gets paid
Effectively I’m short GBPCHF having also sold the cable rally earlier at 1.6887 so no immediate need for concern but I never like to have one core pair run too far away from me on a whim. Cable falling nicely still to 1.6849
EURUSD has posted new lows of 1.3364 having taken 0ut the bids at 1.3380 but barrier option defence noted into 1.3350.
US equity markets paring back a few losses but not making much of a dent just yet
