Currencies to the Rescue

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Yesterday’s meltdown was partially mitigated by oil and gas bouncing at our downside targets……but primarily by the strong moves in USDJPY and EURUSD which allowed an 8% spike in DXY.Now that USDJPY is back to an important overhead resistance, EURUSD is testing a channel bottom from 2000 and SPX/ES are weighing whether to maintain the channel from 2009, what can we expect from currency pairs?

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