February 29, 2016:

The JPY is the strongest. The CHF is the weakest as NY traders enter for the trading day.

The JPY rose against all the major currencies - heading down from the opening bell. China cutting rates/lower stocks lead to JPY strength. Retail sales for Japan came in much weaker than expectations at -1.1% vs +0.1% estimate, but industrial production look pretty good I guess.

The CHF is the weakest today. I can say technically, the USDCHF bounced off the 100 day MA and has been rising since that time.

The USD is trading near it's high levels for the day vs the EUR and GBP as NY traders enter.

Most of the ranges for the day for the major currency pairs are below their 22-day averages (about a month of trading).

Today is the last day of the calendar month.

The US has Pending home sales and Chicago PMI due out later today