Another shot across the bows from across the pond 13 March
For those not familiar "tintack" is rhyming slang for "sack" . See Adam's post for more detail on Trump's latest tour de farce.
USDJPY down to 106.80, USDCHF 0.9440, GBPUSD up to 1.3960, EURUSD 1.2387
Algo-led move already being faded understandably given tha tight ranges prevailing generally at the moment.
USDJPY failed at 107.30 providing good opportunity for rally sellers. I had warned of large expiries today at 107.50 which would help cap in any case. The Tillerson news just exacerbated the moves so I don't look for much more to the downside now with demand between 106.50-80.
