Open trading account 
The dollar buying continues with no significant pullbacks to join the happy party. This is especially evident in USD/JPY which went from 111.60 all the way to 114.55 without any stops and there were only very meaningless pullbacks not exciding 40 pips. How do you join the dollar long happy party in such environment? I would love to buy the pair at 113.20 but for now there is no signs it might travel there. Perhaps today before Yellen's speech event we'll see some retrace on profit taking. In the meantime I actually shorted USD/JPY at 114.50 hoping for some 50-100 pips.
In other majors pairs there was a similar situation. No any significant pullbacks that would offer a good entry points for long positions. Whoever opened positions during Trump's speech must be happy now as these were excellent levels to buy dollar. If the profit taking do happen today it could squeeze some weak euro, yen and pound positions offering attractive entry levels. I would be happy to buy dollar if the majors retrace just about 32%. The above applies to major currency pairs but interestingly many EM currencies actually strengthen during last two day.
In other majors pairs there was a similar situation. No any significant pullbacks that would offer a good entry points for long positions. Whoever opened positions during Trump's speech must be happy now as these were excellent levels to buy dollar. If the profit taking do happen today it could squeeze some weak euro, yen and pound positions offering attractive entry levels. I would be happy to buy dollar if the majors retrace just about 32%. The above applies to major currency pairs but interestingly many EM currencies actually strengthen during last two day.
