The US dollar is losing ground broadly during the session here.
I posted on some support from JPY a few minutes ago:
But the bigger picture view is the USD weakness is not about the BoJ and the yen, its broader. You don’t have to loo too far a narrative to support a view for a lower dollar, and for today such a narrative is in the drivers seat.
EUR, AUD, NZD, GBP …. well just about everything, up against the USD.
This article was written by Eamonn Sheridan at investinglive.com.