A quick look around at what's going on
We're back in clueless mode in FX, waiting for the next big thing to happen. The Trump healthcare fall out volatility looks to have worked its way out now, well at least until the yanks open shortly.
And on that, Trump is up early tweeting that Ford is going to be investing bigly into three plants in Michigan.
USDJPY is celebrating that by dropping back down near the lows of 110.53. The 110.40/50 level was intraday resistance early yesterday and it's where we're finding support today. 110.50 to 110.80/85 is the ballpark right now.
EURUSD remains well eased from 1.0900 but doesn't look in too much of a hurry to give up all its recent gains. the 1.0850 is still looking the main support level today, with the potentially more important 1.0820/30 below there.
GBPUSD is still finding it tough to get a foothold in 1.26 and 1.2530/35 looks the main support here, though we're trying to build some at 1.2560 right now.
AUDUSD has crept back up from the lows but is finding the broken support at 0.7610 a tough nut.
Unfortunately the US calendar is pretty light today so consumer confidence is the choice number at 14.00 GMT. We do have some Fed speakers including Yellen later on, though her subject of Workforce Development Challenges is not inspiring any excitement for mon pol chatter.
