US San Francisco Fed head Williams speaking to reporters in Frankfurt 6 April

  • could have 4 hikes in 2017 if inflation data improves
  • normalizing rates, balance sheet will happen over years though
  • potential imbalances a reason to normalize Fed rates
  • commercial real estate still not significant risk
  • sees commercial real estate more of a worry than stocks

Consistent to previous comments by the San Fran man.

USD unfazed with USDJPY holding gains as is EURUSD after both suffered early losses

GBPUSD capped by EURGBP bounce to 0.8557 from 0.8511 lows