...the USD broke through its Dec 2023 lows of 100.99 after Powell's speech at Jackson Hole, raising concerns that it is poised to fall to 100 ahead.
...and the USD/JPY are at levels now even lower than it was when we had the yen carry trade reversal episode.
...the missing factor was a weaker equity market, so beware of dead cat bounce. Volatility can swing both ways rather quickly in a blindsiding fashion.
