Sentiment against the greenback remains very strong and until some fundamental shift occurs, those of us trying to pick a bottom will continue to struggle. The pattern I’ve been watching in USD/CHF hasn’t developed so I’ve cut the position this morning for a very small loss and will look to fight this particular fight another day.
Some significant buying in the JPY crosses overnight might wash through into Asia, especially now that USD/JPY has broken above its short term resistance at 90.60. 92.30 remains the primary s/t bull target there.
Good luck today.
