Another topsy turvy day in FX markets
Yesterday we were at the mercy of the crosses and today the dollar is finally waking up and making a move as risk improves
European stocks have been given an additional shot in the arm as US stocks go from good to great. Most European indices are up over 3%, with a laggard FTSE
The S&P is now up 26 points and US bond yields are up a heft whack across the board
The inflation numbers look like they are calming a few nerves ahead of tomorrow
Cable is looking like a lost sheep right now but EURUSD is dicing with yesterday's low. USDJPY has surged to 121.44
As usual, don't get swept up into chasing a move that could go the opposite way pretty quickly. Stick to your levels at pick your spots
