Dollar and Yen Jumped on Commodity Selloff, Euro Pullback Dollar managed to stage a strong rebound on steep selloff in commodities last week but the Japanese yen was even stronger. Initially, commodity currencies were the worst performer as silver led commodities sharply lower. Later in the week, spot light turned to Euro as ECB signaled no hike in June and then markets circulated rumors of Greek exit. Dollar index should have made a near term low at 72.70 the greenback is still held below key near term resistance levels against other major currencies and thus, there is no change in the medium term bearish outlook yet. On the other hand, USD/JPY's breach of 80 psychological level now opens up the possibility of retesting pre-intervention low in the pair. Full Report Here... | 
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