Investing.com -- Most European and Asian currencies were treading water on Monday, while the dollar steadied in thin trade, as markets awaited more cues on U.S. interest rates from key inflation data later in the week.
The US Dollar continues to take advantage of the Yen weakness as we are now more than likely going to continue to look toward the recent highs as a target. With the Bank of Japan stuck, it seems like a bit of a foregone conclusion.
The US Dollar continues to rise against the yen, as the overall trend continues to be a major driver of where we go. With this, I remain bullish but also recognize that the market might be getting a little tired.
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