US MBA mortgage applications w-e 19 Jan +4.5% vs +4.1% prev

US MBA mortgage data just out 24 Jan

• mortgage market index +4.5% at 424.4
• purchase index +6.1% at 264.4
• refinancing index +0.9% at 1325.8

Upbeat housing sector data from the US but it's not going to help the greenback any time soon.

GBPUSD up through 1.4150 now and looking underpinned still. Similarly USDJPY down to 109.39 and looking offered still.