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In the red against the majors

USD
  • The Dollar is in the Red against all the majors, helped by some recovery off yesterday's low in Equities, but a more mixed picture for the Greenback for the past 5 trading sessions, down 1.83% against the Kiwi, and up 1.77% versus the Yen.
  • The Yen is the early best performer, but has barely unwound the 439 pips rally from Friday's low (BoJ meeting) to yesterday's high of 137.77, with the 2023 high at 137.91 holding.
  • Small support in USDJPY is at 135.58, the very short term 50% retrace of the BoJ move.

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