It was the day for the Japaense Yen, as it was the clear leader, but the USD did not do much of anything.

Below is a chart of the US Dollar Weighted index (ticker:dxy)



The pair is in a clear downtrend. Today the index has been consolidating near the bottom of the channel. It is very possible to get a bounce here, but nothing to rule out a spike lower while still containing the daily channel.

It seems a bit late to get involved with the JPY, and best to stay on the side lines with USD. Tomorrow is another day, and will see if better setups present themselves.
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