It's the turn of US data to step forward 26 May

It may be all about politics and risk sentiment right now but we can't ignore the US data coming up at 12.30 GMT, or maybe we can.

As ever the conjecture means little until the fact is known and the devil is always in the detail.

Either way here's the forecasts and we can expect the algos to react on the headlines so stand poised to take advantage.

USDJPY currently back to 111.00 with option interest making an impact as I highlighted earlier. Same with EURUSD at 11200. GBPUSD clinging to 1.2850 after 1.2845 session lows.