The USD is the strongest of the majors The JPY is weakest.
As the London/European traders look to exit for the day, the US dollar is pushing to new highs versus all the major currencies. The USD is the strongest of the majors, rising the most vs the JPY and the NZD (1.67% and 1.58% respectively)
The move higher comes after stronger ISM services data, and comments from WSJ’s Timiraos that the Fed 5% ceiling may have to be higher as a result of higher wages.
The US yields have moved higher with the 2 year up 7.8 bps. The 10 year is up 8 bps to 3.580%
GBPUSD moves toward cluster of support
AUDUSD falls below 100/200 hour MA
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