There were huge moves for the US dollar on Wednesday:
ForexLive European FX news wrap: Cold water on the dollar's hot start to the year
Forexlive Americas FX news wrap: Manufacturing and Fed minutes raise questions
The swings are continuing here. USD/JPY has dropped from highs above 132.60 to under 131.80 as I post.
EUR, NZD, GBP have inched a little higher while AUD is very little changed.
Meanwhile, the offshore yuan is trading a little stronger after the CNY fixing: