You can say we haven’t been warning that when the dollar was going to fly she was really going to fly but even this strength right now is looking far too strong.
107 is history as we gallop up to 107.15. We’ve gone through the 200 mma and the next half decent resistance level isn’t until 108.60/80-109.25/30, being the area around the Jun-Aug 2008 highs.
USD/JPY Monthly chart 11 09 2014
With US yields seemingly finally jumping aboard the good news train they’ve added fuel to the rally fire as 10’s trade at 2.52%.
Once again it’s been a break that hasn’t looked back and that’s tough for buyers who have missed out.