The US Dollar Index & EUR/USD are trading between their 10 & 20-day moving average's. Look for new lows in the Greenback if the 10-day MA fails to support. If the EUR/USD breaks below it's 20-day MA, then look for a retest of the key 50-day MA. Meanwhile, commodities are not participating in the overall pick-up in risk appetite today and could be a hint that a broader correction is required before resuming strength.
The long USD/JPY position was stopped out overnight by comments made by the new Japanese Fin Min, who later realized his mistake and attempted to tone down his previous remarks.
