By Russell Glaser – The euro dropped and the yen strengthened as Greece inches closer towards receiving financial aid from both the EU and the IMF.
Mixed economic data failed to provide direction in the markets. Today could be different with two major U.S. data releases set.
• U.S. Building Permits – 12:30 GMT
Expected Output: 0.63M
Previous Output: 0.64M
• Preliminary UofM Consumer Sentiment – 13:55 GMT
Expected Output: 74.7
Previous Output: 73.6
EUR/USD – A breach of the 1.3490 support level could drop the pair to 1.3400.
USD/JPY – The pair finds support at 92.40. A breach could send the pair to 91.05.