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JPY remains the best early performer in G10

USD
  • The Dollar was mostly mixed overnight, and is still going into the European session.
  • The Yen was and is still the best early performer, on the back of the lower US Yield, Tnotes future has broken the next resistance area.
  • Some early pullback off the high in Equities, seems to have a provided a light USD bid, and although the like of the Emini (ESH4) shows 6.5 points in the red, its printed high is still the highest print seen for the March contract, and similar multi Months high in Estoxx (VGH4) this morning.
  • In cash (SX5E) ended at a fresh 23yr high (since February 2001) Yesterday.
  • In terms of close by Technical, this comes in EURUSD and 1.0793 50.0% retracement of the Oct - Dec bull leg, printed a 1.0796 low Yesterday.
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