There have been no major developments over the weekend or this morning which could be interpreted as USD-bearish so the drift lower in the greenback this morning is more than likely due to profit taking on the USD/JPY. As the JPY crosses remain inherently well-bid, this is helping other pairings like the EUR/USD and the AUD/USD to grind their way higher. Cable did most of its climbing in the first hour of trade and it is now stagnant as the pound gives back some of it’s earlier gains on the crosses.