Dollar (JPY)

Dollar  +1.35%,  AUD and CAD +1.25%  vs Jpy   as nobody wants anything to do with yen.Japan’s Fiscal year-end could have something to do with the flows as JPY needs to be sold(Reuters),North Korea said they want to sit down with Japan,This weighed on JPY over last 45 minutes.Plenty of Shorts in Dollar index need to be covered if the reflation trade starts to take a hit(BB),Today’s GDP release was  old news but  still it was revised higher and a week bereft of top-tier data  Dollar grasping for anything.

Stronger dollar weighing on Gold as She  has traded back below the old breakout level putting the up trend in Serious doubt.Crude oil -1.4% and heating Oil -.77%

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.