The US Dollar strengthened across the board yesterday after the US CPI & Durable Goods Orders data. EUR/USD broke below the key 1.1260/70 support area and stops in good size were cleared on the way down to 1.1240. The pair eventually extended losses to 1.1180 and continues to trade with an offered tone. A retest of the former 1.1260/70 support area will likely attract decent selling interest and the next bear target is the 1.11 level. GBP/USD closed above 1.54 on the day and had a decent bounce in Asia. Short-term techs still remain fairly bullish as long as the pair remains above 1.5330/40 support. USD/JPY gave back some of its gains, but remained well bid in Asia. Key intraday support at 118.70, while the pivotal level to the topside remains 119.80.