Dollar Retreat and S&P 500 Rebound Shouldn’t Solidify Trader Confidence

The week has opened to a sharp gap higher from benchmark ‘risk’ measures like the S&P 500, but there is reason to question conviction even if the breadth of the move is broad. Meanwhile, the Dollar’s slip offers some needed relief for the likes of GBPUSD…but what about the USDJPY working sporting a 9-day charge?