🚨 DOLLAR WATCH: $DXY TRYING TO BREAK OUT
$DXY is attempting to break a 7–8 month downtrend, closing above its Daily 200MA/EMA for the first time in nearly 9 months. ⚡
Implications:
• Not great for risk assets, which are feeling the pressure
• Part of the move comes from yen weakness, and part from post-chaos de-risking
Keep a close eye — a clean breakout here could reshape market sentiment for the weeks ahead. 💵📉
