The dollar is down across the board to start European morning trade, as the selling from yesterday carries over. Despite the Monday jump, the dollar has failed to sustain the momentum with price action now starting to turn back against the currency. EUR/USD as seen above is now back above 1.1200 as the near-term bias switches back to being more neutral and closes in on filling the gap lower from the start of the week.

USD/JPY is also down 0.8% to 146.30 currently and contesting a break blower below its own 100-hour moving average of 146.58.

More to come..

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