The dollar drop crucial support

The crucial numbers to watch are Dollar/Yen Figures. 110 is first support, followed by 100. If we break to the downside within a small time frame, money center banks will see major losses from the sudden losses stemming from carry trade principle losses. The dollar index is clearly in the beginning of a secular bear market. click the image to watch a CNBC video discussing the dollar. Bank Julius Bear:

I personally don't agree that a large carry trade percentage has been cleared from the marketplace. There is much more to go to unwind this arbitrage. As the dollar falls, Japanese exporters will suffer, and china will have an opportunity to sell higher end manufactured items.

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