The DXY topped out at multi-year highs of....>

DOLLAR: The DXY topped out at multi-year highs of 98.37 yesterday, before a

sharp dollar retracement pressured back through 98.00. Traders noted weak US mfg

PMI data was the catalyst, triggering a reversal in 10y UST yields to 2.2904%,

its lowest level since mid-Oct. The 200-wma at 2.3580% seen key today having not

closed below here since Sep 15 2017. USDJPY extended the corrective pullback

through Y110 to close in NY around Y109.60.

- The DXY remained in consolidation mode through Asia, tied to a narrow 97.83-90

range. Initial support is seen at 97.54 which represents the 61.8% retracement

of the May range, below here opens the double-bottom 97.40/45 area, ahead of the

May 13 low at 97.02. Bulls need to recover 98.00 to put the focus back on

yesterday's high & reported resistance at 98.50.

- Gold rallied $15, before topping out at $1287.35. The yellow metal has drifted

through Asia, last $1283.25. Support is seen at $1279.29/1278.46 which

represents hourly low May 23 & 50% fibo of $1269.58-1287.35.

- WTI and Brent trade ~$0.65 and ~$0.80 higher respectively.

- Durable Goods the main highlight in the US today.