The dollar remained on a softening track, posting fresh lows versus the Euro, Yen, Sterling, and Dollar Bloc currencies, before finding a footing. The biggest mover was USD-JPY, reflecting broader Yen outperformance in addition to Dollar weakness following a Reuters reports that the BoJ is in “preliminary” discussions to tweak its stimulus program to make it more sustainable (according to the sources cited). USD-JPY dipped to a two-day low of 110.75, marking today as the fourth consecutive down session, and EUR-JPY and other yen crosses saw a similar price action.
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