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Mixed numbers from the US housing sector: housing starts rose 4.4% to 1.09 million and building approvals slide to 1.03 million. Previous data  was only marginally revised.

EUR/USD crosses 1.16 and USD/JPY slides below 117.30.

The United States was expected to report an annualized level of 1.06 million in building approvals in December after 1.05 million in November (before revisions). Housing starts were predicted to stand at 1.04 million after 1.03 beforehand.

The US dollar was somewhat on the back foot towards the publication in what seems to be normal market  fluctuations rather than any kind of trend.

The markets are still recovering from the SNBomb and  focused on the ECB decision tomorrow.

 Draghi Day – all the articles towards the expected QE decision