Primarily, the greenback is simply consolidating good points principally in the previous couple of periods. It appears to be like to be one other case of markets reacting strongly to key financial knowledge earlier than encountering a cooling off interval after. Up to now at the moment, the greenback shouldn’t be doing a lot as seen from the ranges beneath:
The aussie and kiwi are barely greater, after the NZ inflation knowledge earlier within the day here. The info makes it robust to justify any instant coverage pivot for the RBNZ and that is retaining the kiwi a contact greater.
Apart from that, there’s not a lot else to work with as we glance in the direction of European buying and selling later. US futures are slightly greater after falling barely yesterday. In the meantime, Treasury yields are nonetheless underpinned and that can preserve the give attention to USD/JPY because the 155.00 mark attracts close to. The pair hit a little bit of an air pocket in US buying and selling yesterday however was shortly bid again up, although BOJ intervention fears are positively permeating.
