U.S. Dollar Index $DXY on track to get a Death Cross ☠️ on the weekly chart for the first time since January 2021
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Source: Bloomberg
The Japanese Yen is once again near 160 USD/JPY, the level that triggered massive government interventions in 2024, with trillions of yen spent to defend the currency. Top official Atsushi Mimura warns that “all possible measures” could be taken. Rising oil dependence and record gas prices are straining the economy, making a weak yen more than a market issue it threatens daily life and inflation. History shows that a break above 160 would likely trigger swift intervention. Source: Global Markets Investor, Bloomberg
The long-term trend remains bullish. Since May 2025, BYD has gone through a 44% consolidation, and the structure is getting very interesting. As shown on the chart, price has formed 13 consecutive inside bars, all within the February 2025 power bar candle. This consolidation has also respected the 88.66 low, which is a key level. What makes this even more significant is that the February 2025 candle was also the breakout from a 4-year sideways consolidation. Now, on the daily chart, we are starting to see a breakout as well — a potentially strong continuation signal 📈 Definitely one to keep on the watchlist. Source: Bloomberg

