The US Dollar continues to take advantage of the Yen weakness as we are now more than likely going to continue to look toward the recent highs as a target. With the Bank of Japan stuck, it seems like a bit of a foregone conclusion.
The US Dollar continues to rise against the yen, as the overall trend continues to be a major driver of where we go. With this, I remain bullish but also recognize that the market might be getting a little tired.
The Australian dollar has been negative for the week, but at this point it still remains somewhat sideways in its overall attitude. Because of this, I think you have to look at this through the prism of a market that is trying to sort itself out.
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