Dollar Dumps After Trump Accuses China, Japan Of "Planning Money Markets"

It appears America's 'strong dollar policy' is over. President Trump just commented that "other countries take advantage of America by devaluation," and then Trump directly named China and Japan as "planning money markets," presumably implying manipulation.

And the reaction in the dollar is clear...

 

Erasing all the post-ECB, post-Fed gains...

 

The Dollar Index has broken a key trendline...

 

USDJPY has broken a key support level... This is the biggest 2-day drop in USDJPY in six months.

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