Focus turns to low wages

The initial price action off the headlines has not continued.

The EURUSD moved above the 1.0835 level and shorts covered up to the earlier day lows at the 1.0855. The technical waters are more muddy.

The USDJPY retraced it's entire move higher and move to it's lows from the London session (and now making new London session lows).

The S&P futures which were up 30 points are now up 19 poiints. The Nasdaq futures were up 77 are up 44 points.