200 day MA/Channel trend line the next target
Trump jawbones the dollar lower. I guess that makes him a currency manipulator. In addition, China is not a currency manipulator because they will help with N. Korea. I think that is what I heard. I may be wrong on that but would not be surprised.
The USDJPY did move to new session lows on the headlines, and below the 50% support that held earlier today at 109.36. That is now close risk.
If the dollar is indeed too high, the next key support level is down at the 108.61 area where the 200 day MA and the channel trend line cuts across.
- The US 10 year is down a BP or so since the comments (at 2.27%). It did move to a low of 2.257%.
- Gold is up about $7 or 0.56% to 1281.59. It reached a high of 1283.74.
- US stocks moved higher but is now going back down. The S&P is down about -10 points to 2343.55. The low for the day bottomed at 2341.18.