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Cable jumps 48 pips post UK inflation

USD
  • The Dollar was more mixed overnight, but has tilted in red territory, albeit closer to flat against the EUR, CAD, NOK.
  • Best early performers are the NZD, GBP, and AUD, but these Currencies remain well within past ranges.
  • The UK CPI beat is providing a 48 pips jump in Cable, but resistance is still seen a little further out, up to 1.2540 Low Apr 2 / 1.
  • Main focus in FX is still squarely on the USDJPY, which is still exchanging hands at 154.52, short of Yesterday fresh 34yr high of 154.79.

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