For all of Japan’s aggressiveness in trying to push the yen lower, the dollar has not exactly sprung to life. I continue to expect it to make significantly lower lows, but we should remain open to a turn nonetheless, even if it’s difficult to imagine what might bring it about. For now, it would take a print at 82.30 by day’s end to convince me that such a turn had occurred, and anything less should be regarded as mere noise.