Market Update

Fixed Income going higher, despite strong labor market data. This shows that there are still a lot of worries out there. Japanese 6-month rates about to make new highs again. We could be in for another round of JPY strength today.

USDJPY rejected at 50% Fibonacci retracement. Other JPY crosses also looking weak again.
Stocks are in danger of another sell-off.

EM currencies looking weak. EURHUF probably the best risk reward out there for a long position.