January 28, 2016. The AUD is the strongest. The JPY is the weakest.
As North American traders enter for the trading day, the AUD is the strongest while the JPY is the weakest.
For the AUDUSD, the pair recovered from the late NY fall when the a lower US stock close, Fed decision and RBNZ "dovish" comments, helped to push the pair down. Today, the pair has recovered all the losses (the tech sector which was battered yesterday is up large today thanks to FB, Amazon). All the cross currencies are also doing well. Import prices in Australia were also better than expectations even though they were still negative MoM (-0.3% vs -0.8% est).
The JPY is weaker today ahead of the BOJ decision in the new trading day. PM Abe and adviser Honda were stumping for more easing from the BOJ. Economic minister Amari resigned. All the JPY crosses are up on the day as well.
The greenback is more down versus up a day after the FOMC had more hints of dovishness.
WTI 32.76, up 1.4% on the day.
US Initial Claims and US Durable goods (-0.6% for headline, core -0.1%) are due at 8:30 AM. The initial jobless claims move up to 293K last week. The estimate is 281K. The Fed would not be enamored with a rise in that weekly report. Pending home sales are due at 10 AM with expectations of 1%
