USDJPY continues its run higher but the dollar soars with stocks rebounding


US stocks have soared since the open, with the Dow down just 5 points. The Nasdaq is back above the 50% move down from the March 30 high at 12606 (barometer for buyers and sellers. See post here). It is currently trading at 12660.

This causes the USD to fall in sympathy except for the USDJPY.

USDJPY moves above the 50% retracement

The EURUSD pulls back in reaction to the action.

Dow has now turned positive. The S&P is just below unchanged and the Nasdaq is down -18 points or -0.16%. Wpw.


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