Good morning

Well it looks like we have a lot to ponder this morning. Talking to traders in NY, it seems many were on the wrong side of the overnight EUR move. Hearing a large Asian CB was seen selling ahead of 1.4500. USD/JPY testing the bids at 80.65/70 as I write.

Initial claims out with a 415,000 consensus view. This release may cause some movement as the view for the big non-farm number tomorrow is revised lower. Good luck to everyone.

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