 Dollar rebounded broadly overnight following steep 500+ point selloff in DOW. Some analysts cited rotation away from big tech as the cause, but the decline was broad-based. Profit-taking could be a more likely factor after recent record runs, as traders and Fed policymakers await more data to determine the number of rate cuts needed this year. Yen is struggling to extend near-term gains after slightly lower-than-expected core CPI data. Although inflation has accelerated, it is not strong enough to warrant a rate hike by BoJ later this month. The government's new forecasts suggest that Yen will average around 158.8 against Dollar. This argues that USD/JPY could be allowed to fluctuate around 159 without triggering intervention from Japanese authorities. For the week, Swiss Franc remains the strongest performer, followed by Yen and then Dollar. New Zealand Dollar is staying as the weakest, followed by Australian Dollar and then Canadian Dollar. Euro and the pound continue to struggle in the middle... | 
