The yen is being sold off ans is the swissy as US traders take up their posts.

USD/JPY is nudging back up towards the 102.70 mark having moved through 102.50 while the GBP and EUR crosses also continue to gain.

The pound is obviously getting double bubble today on the back of Carney’s comments, and we’re now nearly 120 pips up from the Ukraine induced lows at 170.40 on Friday.

USD/CHF stills holds out hope for another look at 0.9100 and EUR/CHF is up a whopping 22 pips from Friday’s low. Like watching poxy paint dry that one

;-)

US stock futures are pointing to a decent open as the S&P is up 10 to 1962.

US 10 year yields are still below 2.40% at 2.36% but looking less sickly than they did last week.

Brent oil has unwound around $1 in the gains from last week and Gold is -7 at 1298

The only data left on the calendar today is the NAHB housing index for August. It will give us an early clue for the state of US housing this month. The index is expected in unchanged at 53.0