New month, same old dollar
Even with stocks falling and bond yields absolutely soaring, there is no respite for the US dollar as USD/JPY falls below the earlier low of 109.23 to the worst levels of the day.
It's not a pretty picture in the US dollar.
If you were wavering as a USD bear in the last few days of January, you would have been looking for a signal early in February. Well, this is it. The dollar is going out on the lows.
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