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USD/JPY lifts to fresh session highs ahead of the 4pm London fix
Such are the shifting gyrations in the US bond markets, that now those US yields have lifted once more and the 2 Year note is now 2-3 BP higher than at the time of my last update. So, this has lifted the dollar and particularly versus the Yen. The USD/JPY has just now risen to a session high at 150.26. This modest rise comes right into the 4pm London Fix, so there might be something at play for that event. That is not confirmed though and beyond any fixing orders, it looks like those US yields are the main driver anyway. Consequently, the EUR/USD is edging back down for the very same reason. The USD/JPY is still well inside the noted 149.50-150.50 range outlined here much earlier today. There is no reason yet to suggest it will break that ahead of the US FOMC minutes release this evening. The USD/JPY is currently trading at 150.24
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Nasdaq 100 extends opening gains closer to the first technical correction level
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here that, it is at 20,325 and represents a... -
US consumer confidence and Richmond Fed both miss estimates- EUR/USD edges higher
The earlier noted US economic releases (consumer confidence, new home sales and the Richmond Fed index) have just hit the screens. As noted earlier...
