I just read through a secondary source that Dennis Gartman is telling clients to buy USD/JPY today with a stop at 76.35 and a target that “is so far above current levels that we prefer not putting the number on a page.”
The call was initiated Friday and re-iterated today. It may be underpinning the pair this afternoon. The last time I mentioned Gartman he was negative on gold at $1620 (spot at $1675 now, but it did fall to $1530).
