A trade for the ages….Sell USD / Buy JPY

The chart below shows the U.S. Dollar at a historically stretched moment of strength.

Such extreme percentages above its 200 week moving average coupled with weekly overbought readings also coincide with a peak in the Australian 2 year bond yield and a trough in the CRB (commodities) index, to only mention a couple.

September 14, 2022

by Rob Zdravevski

rob@karriasset.com.au