The USD is mostly higher
As North American traders enters for the day, the JPY is roaring higher and the GBP (on the back of lower CPI) is pushing lower and trades at session lows.
The USD is stronger as there is a flight into safety. US stocks are implying a lower opening as China, N. Korea start to unravel a bit.
The ranges today are on the move. All the JPY pairs are well above their 22 day averages and trending. They are at their low levels too. The GBPJPY has a 303 pip trading range today, and is way above the month long average of range of 116 pips
A snapshot of other markets is showing:
- Spot gold is higher by $3.54 ore 0.27% at $1294.70
- WTI crude oil is trading down -$0.39 or 0.53% at $71.81
- Bitcoin is down -$248 on Coinbase at $7859. The low reached $7808. The high $8108. The low today moved below the April low at $7822, but is currently trading back above.
- US stock futures are implying a lower opening: Dow is down -150 points. S&P is down -14 points. Nasdaq is down -50 points. They are off lows though.
- US yields are lower: 2 year 2..552%, down 1.5 bps. 5 year 2.843%, -5.3 bps. 10 year 3.008%, -5.1 bps. 30 year 3.16%, -4.3 bps
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