Wednesday 14 February.

Soft CPI data from the UK sent the GBP lower and was arguably an 'in the moment news trade' GBP short for anyone at the charts at the time of the release. But with GBP USD now sitting 25 Pips away from daily support, and considering the news was against the tide of recent GBP strength, I'd be sceptical of more GBP weakness (at least until daily support breaks).

During the Asian session, we did get the inevitable "concerned about rapid currency moves" comments from the BOJ. which took a little shine off the dollars strength. But doesn't appear to have had a lasting effect, and my bias is still for JPY shorts. Especially Vs USD, but whilst stocks are recovering from yesterday's CPI induced sell off, even as the US 10year yield holds above 4.3, there is a case to say JPY is shortable against anything.