102.01 trades in USD/JPY as the retail sales data hits the screens. First impressions is that it’s a fairly decent gain but not one that screams that dollars were burning holes in people’s pockets.
EUR/USD has needed less excuse than most to see the dollar benefit, given its current surroundings, and has gone through minor support at 1.3811 by 3 pips.
Cable is now just breaking the 1.6700 level and managing 3 pips under so far.
USD/JPY is still conforming to the 2014 range so far by keeping above the the Feb support line
USD/JPY daily chart 14 04 2014
