In line GDP and slightly higher jobless claims appease the market: live trade.

Today's data has taken a little of the recent fear out of market. US yields are dropping, the VIX has dropped a little and the S&P should like the news at the US open.

The USD is suffering, but I'm not prepared to short the USD just yet. But I do think a return to the 'risk on soft landing trade' is viable.

The CHF is too strong to short (I'm not sure why) but I do think the JPY is shortable.

I've entered a AUD JPY long.

Email photo to follow: