US dollar bids reverse course

The US dollar is under some broadening pressure. It could be an unwind of fixing flows but it’s something worth watching, particularly as Treasury yields come back down.

Here is a look at AUD/USD, which at times has been a forerunner of risk appetite.

The biggest move on the day has been USD/JPY, which is painting a big outside candle on the daily chart.

Earlier today, Japanese finance minister Kato warned about excessive FX moves but 100 pips of the move have come in the past hour.

This article was written by Adam Button at www.forexlive.com.