US core inflation rose a few tenths to 0.8% on a year over year basis and the Empire State manufacturing index jumped, helping push US yields to the 3.44% level. EUR/USD has fallen back to the 1.3335 level and USD/JPY up to 84.05.
Thin and whippy will remain the order of the day.
Look for more range trade as central banks buy dips below the 1.333 level after reaching 1.35000 yesterday.
