We made a case that the dollar was at or near oversold levels, and momentum has now turned higher. With hawkish Fed members out in force and a US inflation report pending, let's update a few of our trade ideas around the dollar.
Shorting USD/JPY is not a new idea and, as the pair has erased around half of its 21-month rally whilst holding above key support levels, we see the potential for a bounce over the coming weeks.
One week down, plenty more to go. We'll take a quick look at key themes and events that are driving market, what to look out for next week and include charts and potential setups for the watchlist.
