The dollar fell against everything after retail sales but only the USD/JPY decline stuck
The general US dollar story today is surprising resilience. It was hit hard across the board after retail sales but has recovered all the losses (and then some) on most fronts. The exception is USD/JPY, which remains stuck the floor.
Scaling back yen crosses have been battered in US trading. GBP/USD is down 170 pips since New York arrived.
Technically, most yen crosses are nearing short or medium-term lows and in jeopardy of breaking down.