$DXY $BBVA DX showing good strength today... Moment of truth once again.... Stronger dollar will apply more pressure to EM currencies like TRY and BRL.... $BBVA already struggling from banking sector head winds, also has a massive exposure to TRY through its large stake (almost 50%) to GARANTI BANK, a Turkish bank. Add in the fact decentralised finance (DeFi) is becoming very popular in EM markets. This could be one of the best short setups available in the sector... Through put options albeit...