The question here is not how well the dollar is doing, the question is: Is the dollar doing better than the Yen in the long term. My answer is check interest rates, as long as the US interest rate (positive 1.25%) is higher
than Japan's (negative -.1%) , then Yen will flow into dollars to protect Japans BIG MONEY. If you could protect your savings from a negative interest rate, what would you do? So as long as the Fed doesn't do anything
drastic , the Dollar is going to recover it's short term fall against most of the currencies, or at best hold position for a while building up strength. Against the Yen the DXY only has to hold it's position and not slip further for my
analysis to bear out.
This is a long term trade and I expect the pair to challenge the 125 highs from June of 2015 within the next 6-12 months.
Again this is LONG TERM outlook, I may take a short term(sell) trade if I think the pair weakens enough to test the 109.80 area.