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JPY is now the best performer

  • The USD is now mostly in the red, with the Scandies the best performer overnight, the SEK since the Riksbank decision yesterday and the NOK, after Norway inflation data beat expectation this morning.
  • The Scandies were quickly taken over by the Yen after the Nikkei reported that Amamiya refused the post of Governor and that Japan will nominate Kazuo Ueda as the next Governor.
  • USDJPY dropped 100 pips on the headline, and the Yen is now the best performer up 0.77%.
  • Next immediate support in USDJPY is at 130.35 Low Feb 9.

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