China helped put a lid on EUR/USD and a bounce in US yields has helped put a floor under USD/JPY and the combination has helped give the greenback a broad lift. USD/JPY has surged to 94.63 after absorbing Japanese offers at 94.50. Expect more toward 95.00.
EUR/USD has slumped back below 1.4300 and is nearing support in the 1.4275 area. If this continues, expect stocks to begin giving back gains.
