Thursday 20 July 16:00

Today's trade completed at hit profit. Jobless claims data shows US employment is robust and may well have the market reconsidering how many more hikes the fed will do.

The GBP is still weak following yesterday's inflation data, which has the market thinking less hikes are to come for Britain, it's tempting to take another GBP short, but considering retail sales data is due to be released at 07:00 UK time tomorrow, it may well be prudent to wait and see the reaction to that before trading the GBP again.

Similarly, the yen is weak today in correlation with rising yields and also the Ueda comments earlier this week. But with JPY inflation data overnight, it may be prudent to wait to see the reaction to that before committing to a JPY trade.