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USD falls as Trump tintacks Tillerson

  • USD falls as Trump tintacks Tillerson03/13/2018
  • Another shot across the bows from across the pond 13 March

    For those not familiar "tintack" is rhyming slang for "sack" . See  for more detail on Trump's latest tour de farce.

    USDJPY down to 106.80, USDCHF 0.9440, GBPUSD up to 1.3960, EURUSD 1.2387

    Algo-led move already being faded understandably given tha tight ranges prevailing generally at the moment.

    USDJPY failed at 107.30 providing good opportunity for rally sellers. I had warned of large expiries today at 107.50 which would help cap in any case. The Tillerson news just exacerbated the moves so I don't look for much more to the downside now with demand between 106.50-80.

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