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FOREX: Dollar Rally Sticks as Nov 25bps Step Beds In

FOREX
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  • USD rally is sticking well, with major pairs holding close to the entirety of the knee-jerk move - USD/JPY's rally through Y148 is the first time above that handle since mid-August and narrows the gap with next resistance of 149.39.
  • Clearance here opens more meaningful levels into the 150.76 50% retracement for the downleg off the July high, and the 200-dma of 151.05.
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  • USD rally is sticking well, with major pairs holding close to the entirety of the knee-jerk move - USD/JPY's rally through Y148 is the first time above that handle since mid-August and narrows the gap with next resistance of 149.39.
  • Clearance here opens more meaningful levels into the 150.76 50% retracement for the downleg off the July high, and the 200-dma of 151.05.