No quid pro quo apparently (and may stop impeachment talk).
The USDJPY has moved higher on the headlines that Pres. Trump will release the transcripts of the call he had with the Ukraine president. IF all is ok, the impeachment risk would dissipate (according to betting lines, the odds of impeachment has fallen to 46% from 66%. Surprised it was so high. It is not easy to impeach a President).
The run higher has the pair trading back above the lows from yesterday at 107.304. The next target area would be 107.464-513 which is home to swing highs and lows going back to September 10. At thei highs for the day today, the pair moved up to test the 100 hour and 100 day MAs. The 100 hour MA comes in at 107.78. The 50% of the move down from the high last week comes in at 107.733. A swing area is at 107.754-782. The 100 day MA is up at 107.87.
The US stocks have also rallied off lows on the news, and gold is moving lower as well.
