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Dollar falls sharply in Asian trading as gold marches to another record high of 1165 today. Asia stocks are generally higher and the Japanese yen retreats a bit. But after all, yen crosses are still staying in tight range and the weakness in yen is much milder comparing to the greenback. It's believe that gold's strength is the main driver behind the selloff in greenback. As noted before, there is no clear signal of topping in gold yet and gold is likely still in progress to next medium term target at 1285. That would continue to be a major factor in preventing the greenback to stage a sizeable rebound.
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