Wednesday 30 August 18:30 UK time

For the second day in a row, soft data from the US keeps the 'risk on' momentum going, the USD and JPY are weak, gold is up, the VIX is down. Soft landing is very much on the cards. A short USD or JPY trade is very viable. The risk would be tomorrows inflation data, or any more strong signals from the BOJ of a change in policy.