A.M. Update

Good morning.

Not a whole lot going on, it has been a pretty light week for tier 1 data for the US. Overnight we saw Manufacturing PMI's with Japan in contraction, China in contraction, however above consensus which sent the USD/JPY and thus Index futures higher with it until European Manufacturing PMIs came in at a miss because of France (largely) but not in contraction. This sent USD/JPY a bit lower and stabilized.

 USD/JPY in green and red candlesticks vs ES overnight.

USD/JPY 5 min, just barely above the "loitering" area and with a fairly large relative negative divegrence. The 1 min USD/JPY is about in line as are the Index futures on an intraday chart.

As far as single currency futures, they are largely in line on intraday charts and the Yen on a 5 min, the $USD 5 min looks like this...

$USD 5 min negative...

Other than that, Initial Claims , after coming in at 297k last week, the lowest since April 2006, Claims have reverted to their 2014 average of 325 with a 326k print this morning.

Existing Home Sales are at 10 a.m.