So far the moves are fairly lacklustre, so what happens next?
As I type, the best we've got is 65 odd pips out of USDCAD, more so on the Cad jobs numbers. USDJPY fell to near 115.00 but has gone back to unchanged.
EURUSD is looking upbeat at 1.0630 from 1.0591.
NFP was decent and on another day when a hike is not baked in we might have moved a bit more. The question now is does the dollar fall asleep into the FOMC or is there still some money sitting on the sidelines waiting to come in now the risk event is over?
I favour a bit of both. We could still see some dollar strength over the coming minutes but I think any real upside will be hard work as it will be seen to be an opportunity for longs to take some weekend risk off.
Give it about another 15/20 minutes and we should have a better idea.
