The extended falls in the USD overnight will mean that USD/Asia will be under heavy pressure in early Asian markets. This in turn will mean that regional central banks are likely to step in again to support the USD and slow down the appreciation in their currency. Extrapolating further, the central banks will not want to sit on even more US dollars when it is in such a slump and they will then buy currencies such as EUR, JPY, GBP and AUD and sell the USD which they buy through intervention. The EUR/USD is likely to be the main beneficiary so if news filters through of USD/Asia intervention, then expect EUR/USD to be very well bid on dips.