May 9, 2016: The CHF is the strongest. THe JPY is the weakest.
As NA traders enter for the day, the CHF is the strongest, while the JPY is the weakest. CPI out of Switzerland came out stronger than expectations today. The JPY pairs all pushed higher with technical breaks helping anything that had JPY attached to the name.
The ranges and changes for the day show the GBPUSD and the USDJPY leading the way with regard to the high low ranges. The USDJPY is trading near high levels for the day - as is the JPY cross currency pairs. Looking at the USDJPY specifically, the pair moved above the 200 hour MA for the first times since the BOJ interest rate "no-decision) on April 28th that saw the pair move sharply lower.
US stocks are modestly higher with the S&P futures up about 2 points and the Nasdaq futures up 9.25 points. European major market indices are up with the Eurostoxx up 1.24%, the German Dax up 1.54% and the France CAC up 1.11%. In the UK, the FTSE 100 is up 09.24%. WTI is trading at $44.72/+0.16% on the day. Gold is at 1274/-1.5% on the day. US treasury yields are lower by about 2 BP in the front end of the curve and little changed further out.