USD/JPY run down to 101.44 and GBP/USD runs up to 1.7192.

EUR/USD is in headless chicken mode between Portuguese problems and Aunty Janet’s headlines 1.3588 and 1.3615 marks the chicken wire.

Adam highlighted the biggest comment, on the Fed funds rate, and that might limit any further dollar falls.

USD/JPY daily chart 15 07 2014

USD/JPY daily chart 15 07 2014

In reality there’s not much difference on the US side to the comments as USD/JPY is only 10 pips off from where it was and US bonds are back where they were. The other dollar pairs are using it as an excuse to extend or fight the morning trends.