Mr Market has read Adam’s summary and has made it’s mind up
USD/JPY is back up through 103.60 with the next stop being reported options at 104.
USD/CHF charges higher to 0.9826
EUR/USD sliding to 1.2856 with yesterdays low at 1.2840 the target
Cable is making me weep (not really) as 1.5000 beckons.
AUD/USD is making new lows at 0.9666 breaking through Nov 2011 lows. Next stop will be the June 2012 low at 0.9582
Everything is about the dollar. Forget for a moment about what currency it’s against these are purely dollar moves as should be treated as such. Bear in mind though that these moves will stop somewhere in the short term.
