Not a good session for the greenback so far 22 Feb
USDJPY down to 106.85, GBPUSD up to 1.3935, EURUSD 1.2325, AUDUSD 0.7843
What doesn't go down should invariably go back up, or in USDJPY's case what doesn't go up must keep going down as JPY demand continues amid fragile times and year-end repatriation from Japanese companies.
DXY trading down on session lows with equities still soft but the market remains in confused mood.
A few option expiries to keep in mind too
Even more reason not to over-analyse. A point I keep banging on about. Earlier for example I highlighted GBP weakness but noted decent buy interest/support nearby those session lows across a few pairs.Voila, here we are higher.
Ours is not to reason why, our is just to sell and buy. Pick your levels. Keep it simple. Keep it real. Don't look for a trend. There isn't one.
