A bit of a breather so far today

<p>The dollar demise this week is being met with a pause today as the greenback steadies itself a little. The ranges for the day are considerably mild after all the hot and heavy action in the past two days, as the dollar keeps little changed mostly across the board.</p><p>USD/JPY is the only one seeing a light bounce of sorts as the pair is up 0.3% to 138.45 currently:</p><p>This comes after the pair went close to testing its 100 (red line) and 200-day (blue line) moving averages earlier, seen at 136.99-07.</p><p>EUR/USD is flattish around 1.1230 with GBP/USD just down 0.1% to 1.3115 currently. The upside breaks this week are still holding, so this looks to just be a bit of a consolidation for now.</p><p>Meanwhile, European equities are also little changed with US futures also not doing much on the day thus far. S&amp;P 500 futures are down 4 points, or 0.1%, but that is peanuts when compared to the moves we've seen so far this week. Keep in mind that the next round of US earnings does kick off today.</p><p>In the bond market, Treasury yields are also slightly higher after having taken a big dive this week. 10-year yields are up 2.8 bps to 3.787% but that is still a far cry from last Friday's high of 4.09%.</p>

This article was written by Justin Low at www.forexlive.com.