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Mostly on the front foot

USD
  • USD is again mostly on the front foot against most G10, and the main focus remains on the Yen, which is again testing the 142.00 handle and ahead of the big resistance at 142.25, which was the 21st and 22nd of November, and also perfectly tested that level Yesterday.
  • A break through the latter, sees 142.51 61.8% of the Oct 16 2022 - Jan 16 bear leg, followed by 142.84 1.236 proj of the Jan 16 - Mar 8 - Mar 24 price swing.
  • But the bigger picture is that past the 142.25, there isn't much until the 145.10 area.
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