The winners overnight have been the USD and Sterling. The AUD and CAD have suffered and are both some 100 points worse for wear as we open here.
The shine in equities and Gold & Silver has been dulled.
USD/JPY eventually took off with the US yields and caught many a bear from yesterday; Strong clearer buying of Cable and selling EUR kept the former firm and weakened the cross , currently at 0.8416. While Cable performed well it’s failure to breakout on the topside has a few commentators looking for a test back towards 1.5500. Don’t quite see that level myself and believe the currency will benefit further on the crosses. Overnight also saw good buying of GBP/AUD which is 150 points above yesterday levels at 1.6025