Their is a lot of noise at the 85 region of the dollar index. We can see the Hedge funds/Large speculators making more purchase of the Dollar and the dollar might take off soon.
EURO
The euro is holding steadily if selling any @ all. Consolidating
British Pound
A pennant is forming on the Pound. In fact, it is almost completed. Large speculators have 76,927 contracts NET long. I should expect the GBP to strengthen with this information
JPY Index
Of course, the carry trade is still in effect even though some unwinding has taken place. This unwinding is what spurred the JPY strength us see on the chart.
