Here’s comes the reversal
- Munchkin was not advocating anything in USD comments
And the dollar/yen reverses all it’s losses to shoot above 110.00…..oh wait.
Earlier today the Munchkin said that the US would be happy with a weaker dollar and that they think about a trade war everyday. And look at that, a new high for GBPUSD at 1.4196. That shows you what the market thinks of those comments.