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The US dollar has plunged against the Japanese yen again during the previous week, and it does suggest that we are getting close to an area that we have to make some serious decisions. A lot of this is going to come to forward expectations on the Federal Reserve, and as usual, this past week Jerome Powell was as clear as mud.
By doing so, the market looks as if it is going to continue to see a lot of noisy behavior, and therefore I think we’ve got issues ahead. Keep in mind the crude oil is trying to recover, so that might put a little bit of pressure on this market.
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