The USD gained as Fed Chair Powell, speaking during US time, dismissed concerns over rising Treasury yields.

EUR/USD lost ground on Powell and has slid a little further during Asia time, hitting lows towards 1.1950 (it hasn't hit there yet).

Earlier in the session USD/JPY tipped 108 and AUD, ZND, GBP all fell also. USD/CAD is above 1.2680 and is towards its high also.

US equity index futures on Globex have fallen further, as have regional stocks here in the timezone.