September 14, 2016. The NZD is the strongest. The JPY is the weakest.

As the NA traders enter for the trading day, the NZD is the strongest currency, while the JPY is the weakest. The changes overall are not that earth shattering. Most of the currency pairs are hanging around unchanged levels currently. Stock markets are higher today. The US pr-opening show that the S&P futures are up about 3.75 points and the Nasdaq futures are up about 13.75.

The snapshot of the ranges and changes shows that the JPY pairs move today was at levels a lot higher. So we are seeing volatile two way, up and down action especially in those pairs. That has more or less been the pattern over the last 3- 5 trading days in the JPY pairs (pairs like the EURJPY and GBPJPY have been up and down over about 5 days, while the AUDJPY and NZDJPY have been up and down more over the last 3 or so days). The ranges in other pairs vs the dollar are contained with the EURUSD range at only 30 pips.

US Import prices in the US are due at 8:30 AM ET. In Canada the Teranet/National bank HPI is due. At 10:30 AM, Crude oil inventories in the US will be released. Remember last week there was huge draw down of Crude inventories (-14513K). A rebound of sorts is expected today (although the private release last night was not as robust as expected). The expectations as per Bloomberg survey is +4000K.