With King Dolla Strength and the decent NFP print I fomoed myself in at 120.1 before this blew up to 121+ !!!!

However as our resident bear Peter Schiff pointed out "The number of Americans not in the labor force surged to 98.9 million, a new record high as the participation rate dropped to 62.8%".

Still it didn't stop the DXY making nice gains today. The trade is risk free now with trailing stops set.

Let the Nikkei be your guide here.

Disclaimer