Appetite for the buck takes USDJPY away from support
One piece of the puzzle seemingly falls into place as USDJPY bounces in early US trading to 119.35
USDJPY 5m
119.45/50 looks to be where we next see resistance on the way to 120.00. It looks like China worries aren't strong enough to really shake the risk trade just yet. It's still early days yet though.
Dollar strength is coming in across the board. EURUSD has taken a quick trip to 1.0845 and the pound has headed to 1.4740. AUDUSD looks like it's cementing itself under 0.7200
US stocks markets will be next to have their say when they open. S&P futures are pointing to a 32 tick loss at the moment
