US CPI on the agenda.

The USD remains the dominant currency in town as US yields stay higher and the prospect of a FED pause in December is touted. I expect it would take a significantly lower CPI reading to derail dollar strength.

In other news, the JPY remains weak despite higher PPI data. Soft UK jobs data dentetd GBP sentiment but the BOE still air on the mild side of hawkish compared to other central banks. And the AUD still can't regain it's mojo as China's stimulus attempts continue to be tepidly received. All the while the VIX makes it's way below 15, indicating a calm risk environment.

Having been unexpectedly busy on Tuesday, I've so far missed taking advantage of the USD strength. And I now feel it's prudent to wait for the CPI release before considering a USD long trade. Which could arguably be Vs any of the other currencies, depending on the environment at the time.

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