Hard to fathom recent price action. We went from risk aversion to broad dollar weakness in ablink of an eye. Bernanke was dovish, so you can use that as an excuse to sell dollars, I guess, but there look to be few surprises in his testimony.
EUR/USD managed to trigger stops above the 1.3585 level as the range extended and USD/JPY came close but left most of the stops untouched, as they are clustered in the 89.75/80 region.