Usual knee-jerk reaction playing out in the immediate aftermath 2 Feb
USDJPY up to 110.23, GBPUSD down to 1.4180 and EURUSD 1.2467
AUSUSD a notable loser at 0.7950 and USDCHF a reluctant achiever again at 0.9313 as sellers stay poised per my SNB article earlier.
10yr US treasury yield at highest level since Jan 2014. 30yr highest since March 2017
Keep in mind that we have a few option expiries in play still and that may limit moves but for the moment the USD bulls are enjoying the run higher. EURUSD contracts 1.2500 and 1.2525, USDJPY 110.00, GBPUSD 1.4200, and USDCAD 1.2350 the nearest of note.
Remember these are vanilla options and in play right up until expiry even if breached in the meantime unlike barrier options which cease to be once broken.
For more info on how to use this data, please refer to my post here.
Join the conversation in our new Telegram group
USD bulls enjoying that feel-good Friday feeling
