DXY surges out of long consolidation, James Van Straten notes

DXY surges out of long consolidation, James Van Straten notes
DXY breakout as yen nears 162

James Van Straten highlights the recent breakout of the DXY from a one-year consolidation phase.

He points out that the yen is approaching the 162 mark, suggesting ongoing weakness in the currency. According to him, Bitcoin, gold, and silver may face continued challenges, but he believes hard assets could soon become very attractive.

Van Straten has previously commented on Federal Reserve policy, noting that markets anticipated a rate hike and saw strong capex spending as reducing recession risks. In other remarks, he suggested that SpaceX could track the initial gains and subsequent declines of recent IPOs like Circle and CoreWeave. His recent observations continue a focus on major cross-asset and macroeconomic events.

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