We're seeing accelerated USD supply as the US session gets underway
It's not exactly a rout but we're seeing some decent reversals of recent moves as the full impact of the PBOC devals continue to be weighed up
USDJPY now testing support/bids at 124.00 while USDCHF has continued its safe-haven/lack of SNB journey to 0.9745
Cable and EURUSD remain perky after earlier dips but we can expect offers between 1.5600-10 again then 1.5625-30, and 1.1180-1.1200
AUDUSD and NZDUSD are both behaving like kids in a sweet shop making the most of the relief-rally after being bullied down to lower lows by the PBOC , while USDCAD continues its journey south aided by firmer oil price
Expect good two-way business now at these levels
