What the shift from a yen-only stable market to a dollar-wide strength market implies!

What the transition from a yen-alone, free-falling, low-price environment to a dollar-wide high environment means!

Looking at the dollar index chart, there are signs of a bottoming in the dollar market. With expectations for an earlier elimination of negative rates in Japan fading since the start of the year, the yen has been declining against all major currencies including the dollar in a yen-alone weakness phase. However, there are now circumstances suggesting the dollar is moving toward a dollar-wide strength regime, rising against all major currencies, and this article follows the path of the dollar’s trajectory.