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Dollar index (USDX) reclaims breakdown level
Further to updates here this morning and more specifically on the Dollar index (USDX), that has now risen further and once again it has been the USD/JPY that has led the way. The push above the highs seen yesterday has now taken the USD/JPY back towards 142. The high seen a short while ago was set at 141.91. That move has forced the GBP/USD and EUR/USD lower. So, the upshot has been to deliver a further gain in the index, as it pushes back to the previous breakdown level at 101.42. It has met with some resistance there for the time being and it does remain to be seen, if the index can really make a sustained push above 101.42.
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