The US dollar is under broad but modest pressure. USD/JPY has drifted to 105.11 after rising as high as 105.41. The commodity bloc has made a stronger move against the buck.
There’s no underlying reasons for the move, it’s just the ebb and flow of a quiet market. Volume reports are much lower than on Friday, when there was an unexpected surge.
Ryan took a short position in USD/JPY a few hours ago as he trades right to the bitter end of the year.
