Markets are looking past the negative headline on the US GDP report, citing more robust internals. Heavy revisions are expected as December data becomes available at gets plugged into the Bureau of Economic Analysis’ model. US 10 year notes are back to 2.02%.
USD/JPY has bounced roughly a half-yen from session lows and is now just below 91.25. 91.50 barriers are said to be quite large.
Cable has edged back from a test of 1.580 and now trades at 1.5780. Strong selling is seen from 1.5800 to 1.5810; buy stops are eyed at 1.5830 and above.
