It's that man Charlie Evans again

  • Fed is close to full employment target
  • Continued caution is called for due to low inflation
  • Sees one hike in the middle of the year and one at the end
  • Fed can move at any meeting
  • Recent inflation data has been firmer
  • Wants to avoid a situation where negative rates are needed

EURUSD has used his repeated view to push through 1.1400 to 1.1406. USDJPY has pushed up nearly 10 pips to 112.28 but that looks to be more from the pull of EURJPY than anything else. That's holding the 128.00 level but if it goes it might help EURUSD on it's way.