The greenback continues to slide as the market does what it does best: assume the logical extreme. Because the Fed is pumping money into the system, traders assume the currency will be debased. A sell first, ask questions later attitude prevails.
USD/JPY sliced through 88.00 with ease, falling to 87.79 before steadying. EUR/USD soared to 1.4248. As we’ve been saying for the last few days, do not fade this trend. it is far too powerful to be trifled with.
