Jobless claims overshadows CPI.

Not so long ago, hotter than forecast US CPI would have sent USD JPY higher, along with IS yields. But today, whilst yields are going up, it appears higher than forecast JOBLESS CLAIMS data has stunted the dollar. And left us in limbo with all assets a little out of sync.

Currently, I feel there are two options

1: wait. Either for the VIX to show it's hand (up or down). Or a fresh catalyst to propell the risk environment.

2: by pass the risk environment and place a 'speculative' AUD long Vs NZD or EUR 'relative fundamental' trade. Based on the diverging expectations of the interest rate path of the respective central banks.

Currently, I'm of a mind to wait. But I may change my mind later or tomorrow.

Feel free to email any questions: johnelfedforexblog@gmail.com