
USD Sets Fresh Yearly High as EUR/USD Drops Dramatically, USD/JPY Stable
USD strength ran rampant again this week as the Dollar burst through a number of resistance levels, including the key Fibonacci level of 101.80 which had previously held the highs in June of this year. And, interestingly, while it was the carry trade in USD/JPY that was a large source of USD strength leading into Q3, last week saw the USD/JPY pair in somewhat of a calm manner.




