Last month saw the US Dollar Index (DXY) breaking the psychological support of 100, breaking 200-day EMA momentarily and testing a low of 98.63, before trading above 100 again. We believe that the USD weakness is temporary, with a primary slight bullish trend.

Our trading team will continue to short EURUSD on rallies. 110 will be an important pivot point to watch for USDJPY.

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