The Dollar slipped some in early trade, seeing the DXY bottom at 91.51 from overnight highs of 91.90. The USD later bounced some, after most major currencies hit one-week lows versus the Greenback. Incoming data saw mixed Markit PMIs, and a weaker new home sales outcome, the latter of which, took the USD to its lows of the day. Wall Street was in consolidation mode, with the major indices trading on either side of unchanged. The Fed appears to have sufficiently calmed inflation fears this week, which has seen Treasury yields rangebound, and has kept a general bid under equites for now.

The dollar sank back after rising moderately during the early part of the Asia-Pacific session. Other currencies showed some independent movement. The yen, for instance, weakened, which floated USD-JPY into 15-month high territory above 111.0, despite dollar declines versus other currencies. At the same time, EUR-JPY posted a six-day high at 132.70, while the likes of GBP-JPY, AUD-JPY and CAD-JPY also saw six-day highs.

The dollar sank back after rising moderately during the early part of the Asia-Pacific session. Other currencies showed some independent movement. The yen, for instance, weakened, which aided USD-JPY to a three-month high at 110.92 — 6 pips of 15-month high territory. At the same time, EUR-JPY posted a six-day high at 132.32, while the likes of GBP-JPY, AUD-JPY and CAD-JPY also saw six-day highs. Buoyancy in global stock markets, which saw the NASDAQ hit a new record high yesterday, has be suppressing the yen in accordance with the long standing inverse correlation.