The Dollar-Yen pair failed at 5-DMA on Tuesday and dropped to a low of 112.60 levels. The American dollar suffered its worst drop since July after the US President-Elect Donald Trump expressed concerned regarding the strength in the US dollar. Trump inflation trade is fading In an interview with the Wall Street Journal, Trump stated that US companies can’t compete with Chinese companies because the US currency is too strong. Anthony Scaramucci, a senior member of Trump’s economic advisory council, while speaking at the Davos Economic Forum, also expressed concerns regarding rising currency. Trump also called the ... (full story)