White House chief of staff John Kelly could axe Steve Bannon

A decision on Steve Bannon's future is imminent with officials expecting him to be fired, according to a report from Axios that just landed.

"One senior White House said it seemed like Bannon was setting himself up to be a martyr - the nationalist hero fired by the 'globalists,'" the report says.

If he's fired, it might be seen as a shift by Trump's administration toward the center and that would be helpful on almost every front. USD/JPY is higher by 35 pips on the report.

The one thing that might temper the enthusiasm is that the content of the story doesn't really backup the headline "White House review nears end: Officials expect Bannon firing". The story itself only talks about the review and speculates on why or why not he could be fired.