Just did not say enough about June...
...so the dollar retreats.
The USDJPY broke higher yesterday after moving above trend line resistance at the 109.72 area. THe price extending up to 110.378 at the peak today. The price retreated to the old trend line break level and held as NY traders entered for the day.
The rally off that low took the price to 110.21 but when Fischer failed to ignite another run higher, the buyers retreated.
The low for the day/trend line remains support (109.77-79 is the area).
