FX Updates via the FXWW Chatroom

USD/JPY – Talk Japenese exporters have been good sellers in APAC session, corp offers now at 119.00
GBP/USD – next tech resistance at 100DMA 1.5581, above there Dec 31st high 1.5621
$1.5571 is the 1.618% swing projection of the pullback from $1.5480 to $1.5333…Bloomberg showing the 100-dma at $1.5574 
predictedmarkets.com… “Since December 2014 there have been 25 times when – as was the case on Tuesday – GBPUSD has closed 40 pips or more below the session high. Of the 25, only 1 went on to close the next day with net gains of more than 1.05 cents. The equivalent level on Wednesday is 1.5540,” writes Predicted Markets. Cable is now 1.5526. 
UK DATA: – UK Jan BBA Mortgage Approvals 36,394 Vs 35,816 Dec
- UK Jan BBA Re-mortgaging Approvals 2,743 Vs 2,801 Dec
- UK Jan BBA Net Change Mortgage Lending stg0.506bn 
 

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