New Kid in Town ? : Weak USD

• For these past months, only 1 real trade in market, namely Risk On/Off.
• Risk On = -USD/+Risk FX & +USD/-JPY (= Buy JPY crosses)
• Risk Off = vice versa
• Most recent price action characteristics : Risk FX up & USD/JPY sideways to down
• Possibility - start of something new ie lower USD across
• For confirmation, watch JPY crosses. If these consolidate whilst stocks keep going up, then we should have the start of a consistently weaker USD trade.