In all the hubbub cable took a run up to the big figure but had been seen off at the first attempt.
Barrier option related selling was pointed out by Mike earlier at the 1.55 level
Meanwhile USD/JPY has been down to 98.11 as the market chews through the data release as reassess their positions and strategies.
Gold is pushing through the 61.8 fib level at $1471 and I’ll have more on that shortly.