It was a busy data morning in Europe and there is still quite a list of data to hit the market over the next two and a half hours out of the US. CPI, Empire State Manufacturing, TIC data, industrial production and finally the University of Michigan consumer sentiment survey just before 14:00 GMT.
As ever these days, risk appetite is the number one concern of the market. It is ebbing at the moment, pulling EUR/JPY lower. EUR/USD is holding above key near-term support at 1.3525 near-term. USD/JPY trades at 95.00 after triggering a barrier at that level earlier today. A barrier at 94.00 is rumored, with a very large payout, which could be a target in days ahead.