DXY retracement from it's last peak seems to have bottomed out, and is starting the next leg up to retest highs. Inflation is driving rates back up, or holding them up. While bonds occasionally sell off and yields rise. I imagine either other countries start lowering yields to prevent banking failures, or the US starts increasing yields to avoid dollar debt problems associated with inflation, the fed will probably exchange the banks bonds with higher yields so they can manage deposits without anymore losses. While the repo market drains... At some point the buck stops and the CB runs out of options.
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Doubters shall be delt with.
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We should consolidate in this range for a while, I expect DXY to head back down to the 100.xx low range; It could head a little higher before consolidating for the next two weeks or rmonth.
Then we'll see if we get continuation back up, or a further correction.
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