Aside from the yen, which is in its own world, the price action is turning into a rout on the US dollar.
Part of the reason is the rebound in sentiment with the S&P 500 back comfortably in positive territory, up 6 points. That has boosted the commodity currencies in the past hour or so.
It’s really turned into one of those days where things don’t need to make sense. The market becomes extremely emotional and you need to run with the crowd.
