I’m kinda getting the feeling that we could be in for a big-time reversal in the dollar in the days ahead. Bonds have been higher in yield most of the day, and are now above 2.50% in the 10 year maturity. Equities are bouncing hard from a retest of the lows and commodities too are seeing strength. A bit of verbal intervention toward the pound and a major wash-out in the JPY pairs have combined to set up a fresh surge.
EUR/USD should explode if it gets back above 1.3015/20. Same in USD/JPY above 90.10/15. Buckle your chin-straps.
