Dislikedusdjpy shorts are fighting against weekly and monthly sellers on a weaker yen. I see dangerous upside on usdjpy at the moment. Fundies need to come into play to get them out before it matches a dollar ready to retrace or deflate, maybe. I'm looking at BOJ or Kuroda to release something yummy for the yen. I don' know what could be. Not my forte. DXY showing good setup for retrace via Wyckoff chart patterns (Obsay's market patterns). Wyckoff market patterns don't show up often, but they are excellent when they do. I could be totally wrong. I see potential...Ignored
Actually a catalyst severely weakening the dollar as opposed to strengthening the yen would be more likely. I see exactly the same for usdchf indicating the dependency is on DXY for the moment. Perhaps those weekly and monthly bulls are getting ready to hit margin calls.