The dollar is in a strong recovery since last week, mainly because Powell was not as dovish as some had expected. He didn’t convince markets that the Fed wants to cut further at the December meeting, which led to some repricing across markets.
With FED on hold, cryptos are coming down, and even metals can resuem their corrective price action. However, the Dollar index can find some resistance around 100.25, and if this one turns, I will have eye on USDJPY.
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