EURUSD bounced as the dollar fell but it can't match the pound for a new high
This to and fro between the dollar, bonds, and Trump is still ongoing.
This latest move is looking more yen dominated right now as yen crosses are following USDJPY. That's still in lockstep with bonds.
EURUSD H1 chart
1.0700-1.0750 marks the main boundaries for today so keep an eye on the yen for further downward pressure.
We know the Trumpster has it in for the TPP but I'm concerned about his comment on Japan earlier. That could cause some jitters over there when Asia opens, and particularly among Japanese investors. Japan does a lot of business with and in the US, and anything that throws a spanner in those works is not going to be well received.
