USD/JPY broke through 95.50 and that has sparked broader US dollar strength. A second failure of EUR/USD to break 1.3400 also helped sparked an appetite for dollars.
Look for buy stops above 95.80 with strong offers ahead of 96.00.
There was nothing in the data to suggest dollar-buying (quite the opposite) but with the data out of the way, the market was looking to position ahead of the Fed. The European low of 1.3325 is the next level to watch followed by support at 1.3317.
