FX Update - Not much since the morning NFP excitement

This morning was chalk full of excitement with the much better-than-expected NFP print. The Greenback initially was sold - before reversing fully. EUR/USD moved below figure 1.40 while CABLE was sent down to below 1.60. USD/JPY was moved higher as well, to above figure 98.

All these moves are causing traders to wonder if this is the beginning of a shift in market sentiment - toward looking at positive economic news in the US as just that, with the expectation that the first-in, first-out will cause US rates to move higher before anywhere else. Only time will tell.