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As the USD continued to outperform against...>

DOLLAR
DOLLAR: As the USD continued to outperform against most of G10, the DXY touched
fresh ytd highs of 97.06 overnight. Bulls focus on a move toward 97.87 which
represents the long-term 61.8% retracement of 103.82-88.25. There could be
further gains to come today with CACIB & Citi's month-end rebalancing models
pointing toward strong USD buy signals. Also, a reminder that the next SOMA
redemption day takes effect today and will see the second largest liquidity
drain ever, normally resulting in further USD gains. USDJPY moved through its
200-wma, comfortably holding above Y113.00. Gold traded back below its 100-dma
($1219.76) to $1215.55, a close under here keeps the recent bearish trend intact
opening $1201.94 (50% $1160.39-1243.48. 
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