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Forex: GBP/USD bouncing off lows, around 1.5670

After dipping to the mid 1.56s area, the sterling has managed to gather some traction and trade back to the area around 1.5670/75, as the NA session draws to a close.

Interesting docket in the UK on Tuesday, as the BoE Inflation Letter would be in the limelight. Further data comprise the CPI figures, followed by the DCLG House Price Index, Producer prices, Retail Sales and the CB Leading Economic Index.

As of writing, the cross is down 0.84% at 1.5668 with the next support at 1.5646 (low Feb.7) ahead of 1.5628 (low Feb.5) and finally 1.5584 (Lower Bollinger).
On the upside, a breakout of 1.5737 (MA10d) would expose 1.5819 (MA21d) en route to 1.5845 (high Feb.8).

Forex: USD/JPY jumps towards 94.00

The US Dollar has finally jumped against the Japanese Yen after a previous period of consolidation. The USD/JPY advanced 60 pips in the last few minutes from 93.35 to reach intra-day highs around 93.90. Currently the pair is pricing at 93.85, 1.20% positive on the day.
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