Seems to be the new thing this week
No particular headlines that I can see of, but a continuation of a beatdown in the greenback following the reversal seen last Friday.
EUR/USD and GBP/USD both touch session highs of 1.1733 and 1.3257 respectively while EUR/JPY and GBP/JPY also pushes to highs of 131.85 and 148.96 on the day.
After buyers failed to break above the resistance area @ 95.15 to 95.53, the dollar index has seen one-way traffic lower and is now down by another 0.1% in trading today.
As for the yen, its performance appears to be tied down to the lack of movement in the Treasuries market more than anything else. That's the only reason why I don't see it moving for the past week in all honesty. It's been a really curious case, but that appears to be what is driving yen sentiment more than anything else these days.
