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USD Gains Pick Up Further Into NY Crossover

FOREX
  • USD gains extending well into the NY crossover, with the pace of the rally picking up over the past 15 mins or so. USD/JPY has been the pair in focus, and is again narrowing the gap with the YTD high and bull trigger at Y150.89. Clearance here puts the pair at the best levels since November last year.
  • On the latest move, the USD Index has cleared the 104.00 handle to trade within range of the 104.292 March 1st high.
  • Currencies moving independently of US bond markets at present, with little price action across the US curve, however the e-mini S&P is testing the overnight low.

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