Newsflash: 88 level on the Greenback becomes a crucial area!
The equity markets are at serious 12 year lows. Are we going lower...most probably. So now investors will fly to risk aversion investments. Bonds...Gold...and I think the US Dollar. 88, my friends, 88.
We have a dilemma...the US/YEN pair is due for a technical correction (retracement) but the equity markets are looking pretty evil (as my son would say.) So see the case for both sides on this short video.
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