The yen's getting a bit of a bounce back and this move could go further. The BOJ are pretty confident and they want to get moving on changing their policy.
The Fed has signaled it's near the end of the rate cycle, while we expect a few more rate hikes in Europe. This is putting pressure on the dollar and helping the euro.
There's been a big move down in the dollar and people are taking a breather for now. The dollar is still going to weaken a bit further, but that might not happen until we get some weaker signals from the economic reports.
Rates are going to rise, and we see potential for further upside in the euro.
There are a lot of people betting on the euro so there's not a lot of room for a further rally. There aren't any fresh reasons to sell the dollar after a big move last week.
