White House still trying to set the bar low

The White House says it still sees the unemployment rate hitting 10% this year. This is known as “inoculation” in the political game. You set a low bar, then jump over it and suddenly you are a genius…Oldest trick in the book.

USD/JPY came close to 97.00 at the 10:00 am New York options cut but failed to overcome that important resistance. We should see some retracement now. Thanks to saferanger for the heads up.