The DXY is pulling back ahead of the FOMC statement and the US non-farm payrolls. The key support levels to watch are at 105.11 and 104.77. A failed break below this support range will allow the DXY to climb back to the 2023 high of 107.35.
The main drivers behind the DXY pullback are the drop in US 10year yields and the appreciation of the battered Yen.
The main drivers behind the DXY pullback are the drop in US 10year yields and the appreciation of the battered Yen.