Initial Claims Beats, Draghi Disappoints

Last weeks's Initial were the worst print of 2014, even with the ADP and ISM print with employment looking pretty bad, Initial Claims beats at 323k vs consensus of 336k, there may be some bleed over from the ECB decision, but USD/JPY was flying around the release.

 USD/JPY surges even though...

Even so, ES did not get that much of a bump from the move...

The $USD has fallen, it's just that the Yen...has fallen more

Yen...and why is the $USD down?

Because the EUR/USD is flying on disappointment that Drgahi didn't commence QE/Easing...

The $USD is down with the EUR/USD up, it's just the Yen is a bit weaker for now.

Perhaps that head fake over intraday resistance suggested yesterday and last night is not so far off(think Financials). Oh and there they are...