Yellen comments as expected
The US data (mainly housing and claims) came out much better than expectations. CPI data was more or less as expected (maybe a touch weaker). The Philly Fed index came in a touch weaker as well. Yellen's comments are congruent with a December hike. Fed's Dudley is up next at 8:50 AM ET.
The USDJPY is trading at session highs and back above the 109.267 level. That is the 38.2% of the move down from the June 2015 high. That is close risk for longs.
THe EURUSD is moving back down toward the close at 1.0689 after being positive for most of the day. The low for the day is 1.0682. The low for the week is 1.0665. That is the lowest level since Dec 3, 2015.
The GBPUSD just turned back negative (below 1.2439). The low for the day at 1.2408 is the next target.
The USDCHF is trading a new session highs and back comfortably above the parity level (1.0000). The high yesterday at 1.0057 is the next target (highest level since March).
The USDCAD is testing the highs and also the 200 hour MA at 1.3450. Earlier in the day, that MA stalled a rally and the price rotated down to the 1.3400 area. Back at the key borderline for bulls and bears. Trade above and the 100 hour MA at 1.3493 becomes the next target for that pair.