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US Consumer Confidence and Richmond Fed index in the spotlight for USD/JPY at 2pm GMT
There are some other US economic releases due out at 1pm GMT today, but the real focus is surely on the 2pm data. That is the latest reading of US consumer confidence (expected 100 versus 102) index and the Richmond Fed June index- detail on that will follow with the release. The dollar is still on the front foot overall this afternoon ahead of these releases, but rest assured they do have the power to derail that. The EUR/USD just now hit a session low 1.0707, but that did seem mostly linked to a corresponding lurch lower in the EUR/CAD after the Canadian CPI data surprised to the upside. An opposite jolt higher was also seen in the CAD/JPY following this data. That has pushed the USD/JPY back above 159.60 right now and this pair could be front and centre in any reaction to the US data later on
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Nasdaq 100 extends opening gains closer to the first technical correction level
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