It's not a simple USD game still 8 Feb
USDJPY up to 109.70 from 109.30 but so too is GBPUSD, up posting 1.3919 just now from 1.3870 as GBPJPY rallies to 152.62 as risk-on returns with Nikkei posting decent gains.
Similar story on EURUSD and EURJPY, AUDUSD and AUDJPY amongst others.
Sellers re-appearing now though on cross and core pairs after the decent rally and those highs just seen will remain the benchmark over the next few hours, but expect dip demand too.
USDCHF capped at 0.9453 after its break through 0.9400 that I posted on yesterday and that's been helped by CHFJPY heading up to post 116.23
Let's see what European equities do for our next direction pointer. BOE decision/Minutes today at 12.00 GMT. I'll post some thoughts on that later when the coffee kicks in!
GBPJPY a prime mover again
