The USD is the strongest and the JPY is the weakest

As the North American traders enter for the day, the USD is the strongest while the JPY is the weakest. The changes are minimal vs the 5 pm closes from yesterday. As a result, the "league table" can change quite easily.

The ranges and changes are showing modest moves from the closes from yesterday and the ranges are also below the 22 day averages (about a month of trading days). The USDJPY is showing the largest change and range vs the USD.

In other markets,

  • Spot gold is down $2.22 or -0.18% to 1221.02
  • WTI crude oil is down $-0.52 or -1.13% to $46.52
  • US yields are down a bit. 2 year 1.406%, unch. 5 year 1.923%, down -0.8 bp. 10 year 2.337%, -1.2 bp. 30 year 2.856%, -1 bp.
  • US pre-market stocks are showing gains. S&P futures are up 4.5 points. Nasdaq futures are up 22 points. Dow futures are up 17 points.

US Factory orders (with durable goods revision) will be released at 10 AM ET/1400 GMT. The estimate is for a fall of -0.5% vs -0.2% last. Durable goods are expected to be -1.0% vs -1.1% reported earlier in the month.