Zeev's Turnips Patch-No Politics (ZEEV)

[Joe Stocks]

From OptionInvestor.com;
What is going on with the dollar?
Response: There has been word of selling the euro for yen, as well as talk of possible MoF interaction in order to WEAKEN the Yen. The dollar/yen is currently at 119.21, while 121.15 is 38.2% of the retracement of the December sell-off and did have a chance to be reached earlier. As far as dollar/euro is concerned, the dollar made some good gains overnight but has recently handed those back. Why? Possibly due to a report stating that PIMCO's Bill Gross supports a weak dollar. As equities continue to fall, I don't think the dollar will recover much. I will be watching the XAU and see if it can keep its gains (currently higher by 2.58%).