Yen is strengthening as Abe’s third arrow takes hold, although Kyle Bass is still pushing for a move up 140 Yen against USD. The 117 handle will be under pressure soon:
Euro felt the strength of USD but so far no breakdown through terminal support, again we wait for the ECB:
Cable was volatile on the lower timeframes overnight, mainly on the back of the CPI release but is still hovering around 1.5150 point of control with no signs of a breakout.
After Monday’s surge, Aussie actually eschewed the volatility of the night, placing itself around the 81.50 level, probably on market positioning before the all important unemployment release tomorrow:
As silver is up 3% overnight with a potential breakout here on the daily charts if it can close above its previous highs in early December 2014:
With the other breakout of the night being WTI crude, at least on the hourly charts. Dipping down below the 45 handle, WTI leaped up and could move higher from here, but this could just be a short exhaustion rally, so caution!
Data today is very light in Asia and indeed Europe with all eyes on the advanced retail sales for December print later tonight.