After staying out of the game of trying to corral a rampaging dollar rally, the Chinese are rumored returning to the market with double-no-touches. They’ve taken out 1.4550/14950 DNTs for the next six weeks, dealers report. Given the flagging downward momentum of late and the market nearly reaching the target from the double top above 1.60, that strategy looks logical to us. Frustrating for the market, but logical.