USD dropping across the board following the China news

As I just mentioned in the prior post on China, the market has remembered that some negative bond news (that leads to a sell off and thus rising yields) is not positive for the dollar.

USDJPY has tumbled to 111.41 and both the euro and pound have jumped. EURUSD is up at 1.1980, GBPUSD at 1.3534.

FX pairs 15m charts

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

Read how Ryan got into trading here
Ryan Littlestone

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