-
Bye Bye Dollar, or Buy Buy Dollar? Market Rejects Usd/Jpy On A 2% Equity Day.
Major Price Points Covered: Monday Wall Street trade brings 100 pip channels in place on most pairs, under the daily average, but most importantly on a day of 2% moves in the S&P the Usd/Jpy pair has been trapped going nowhere. That could be the ultimate signal from the market that they really do not want to be holding dollars this week, ahead of an acid test of the U.S. economy, infra-structure, and banking system, and three overseas central bank rate decisions. Here are the numbers, short and sweet.