But it is to the yen.
The data was pretty good by all accounts. Not spectacular but steady. If you had given me those numbers before the data I would have pegged the dollar to be higher about now. It's not and the yen looks to be the main driver as we're seeing it gain across the board.
USDJPY is now worrying more about 109.00 than taking out the highs and both GBP and EUR crosses have turned south too.
EURUSD and cable mostly went back to where they were before the data but are now being weighed down by the cross moves also.
S&P futures are pointing to a negative open. S&P futures are currently down 5 at 2057
Oil is also on the lows and that won't help commodity currencies either. No surprises at which end of the day's hi/lo scale USDCAD is sitting at.
We had a positive day yesterday and it looks like we might be seeing the hangover from that party today.
