Friday’s dollar declines are slowly evaporating.
Some thing with Friday’s rally in gold and the bounce in oil — both a disappearing.
In a trend like this, it doesn’t take much to remind the market to do what was working before.
The 61.8% retracements of most of those moves have been erased.
USD/JPY is at 114.85 and if it hits 115.00 the floodgates will be back open.