Thursday, 27 August 2015

Well that didn't take long as USDJPY flushes 121.00

Onwards and upwards for the buck and risk

121.16 the high now and even that looks threatened. Oil continues to gain with WTI having touched 42.28 in the last few minutes, up nearly 4 bucks on the day

As has been pointed out in the comments, it's not a direct dollar move as commodity currencies get a bid of their own
GBPUSD is mainly unfazed by this move though the euro is heading back to the lows at 1.1206 

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