Dollar Test 99.20 with the Yield Support

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Dollar Test 99.20 with the Yield SupportU.S. Dollar Currency IndexTVC:DXYftdsystemDollar is at the sub resistance level at 99.20 after the strong upside reaction. The main driver is the inflation data which lots of topics under core services gain traction and PPI hinted further acceleration could be on the way. Other than that, there are some speculations that Iran escalation is coming after the China trip ended. This time, the dollar attack came at the same time with yield breakout. 10 year yield break the cup and handle so it could further boost the dollar in the coming days, perhaps after a downside reaction first. 100.50 is still the main resistance over the medium term which dollar could not break multiple times. This level likely to be the main target of the current run.