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Short

USD Squeeze Highlighted by USD/JPY Price Action?

FX_IDC:USDJPY   US DOLLAR / YEN
14 0 0
As we spoked about on the Vantage FX Daily Market Update, Forex markets are seeing the US Dollar             squeeze. You look at what’s priced in already and any technical USD weakness is going to be sold in the short term as big longs start to take off some of their size.

This squeeze was highlighted no better than in yesterday’s USD/JPY             price action, as price pushed into resistance. I think it’s got a bit more juice to squeeze out of weak longs, but what are your thoughts?
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