XE Market Analysis: Asia – Sep 21, 2015

The dollar turned broadly higher in early N.Y. trade, as Treasury yields stemmed their bleeding, and as Wall Street moved solidly higher. Aside from existing home sales data, which were a touch softer than expected, and had little impact, the U.S. calendar was empty. EUR-USD fell to lows near 1.1180, a nearly two-week base, while USD-JPY rallied to 120.65 before heading lower again. An afternoon stock swoon took the wind out of the dollar’s sales versus the yen, though a N.Y. close above 120.30 is seen as a bullish development.