The DXY dollar index is up 0.97 at 113.86. It touched 114.75 on the last go-round.
From Marc Chandler at Bannockburn Global Forex:
Greenback Holds Above JPY150, while BOJ goes MIA
Overview: The continued surge in US rates and inability of the equity market to sustain gains saw the post-Truss sterling rally unwind amid a broader recovery of the dollar. Sterling has been sold to new lows for the week. Meanwhile, the dollar has held above JPY150, and the BOJ hand has not been seen. It rose to almost JPY151 in Europe. Equity markets are on the defensive. Nearly all the bourses in Asia fell, and the 1.65% drop of the Stoxx 600 is the biggest loss this month. US futures are also trading heavily. Yields are soaring, with European benchmark yields up 9-12 bp, while the 10-year US Treasury yield is about five basis points higher near 4.27%. This is the 13th consecutive week that the US 10-year yield has risen.
Gold is approaching the two-year-low set last month near $1615. December WTI was turned back yesterday from the week’s high a little north of $87. It is now changing hands around $84. US natgas is lower for the sixth session. During this run, it is off around 20%. European natgas is off 9% after rallying more than 13% in the past two sessions. European officials conclude their meeting today with efforts to limit the disruption from natural gas prices. Iron ore recouped about half of yesterday’s 2.4% decline. December copper is off for the fifth session in the past six after it recovered from the month’s low yesterday. December wheat is off more than 1% to bring this week’s loss to about 2.4%. It is trading at new one-month lows....
....MUCH MORE
Our master plan for world domination has 115+ on the DXY penciled in, the better to scoop up some cheap assets. If interested see: "Copper price falls on recession fears, China covid-19 curb"
