Bears have to clear 3190 to unlock lower
It's clear, central banks are here protecting the 3190 level, desperately suppressing DXY, this time the BoJ took the baton over from the ECB to suppress DXY via UJ pump.
The effect of DXY suppression = equities support mechanism is diminishing, marginal impact from continued suppression is now occuring.
Someone has to force their hand lower.
The effect of DXY suppression = equities support mechanism is diminishing, marginal impact from continued suppression is now occuring.
Someone has to force their hand lower.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.