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Forex: US Dollar and Yen Crosses - Breakout vs Reversal

Forex: US Dollar and Yen Crosses - Breakout vs Reversal

John Kicklighter, Chief Strategist

The dollar avoided a critical breakdown this past week, but that doesn't mean the currency is back on pace for a renewed bull trend. The next meaningful, financial market trend will require an escalation from Fed Taper speculation to full-scale risk aversion. Given the exceptional moves by the greenback, Treasuries and emerging markets these past weeks and months, we have already seen investors move to price in the implications of higher rates in the US. And yet, the sanctuary of speculative positioning - US equities - have avoided the collapse so far. If the USDollar is to overtake 11,000 and the market's realign to a common theme, we will need a move to deleverage risk exposure. We discuss this concept, the possible catalysts and ideal trades in the weekend video.

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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