dollar is taking a breather on its protracted rally since mid-July. The DXY index yesterday closed just north of the 104 big figure (open 104.17). For now, a real attack/break of the 104.7 end May top apparently is difficult without additional strong US data and/or markets pricing in a bigger chance for a 25 bps September 21 Fed rate hike than is currently the case (+/-25%). EUR/USD (1.0819) succeeded a close north of 1.08 after testing the 1.0766 area last week. Still the picture remains fragile. The yen for now still isn’t able to profit from any USD softness with USD/JPY still closing at 146.54 after setting a minor YTD top earlier yesterday. London markets were closed.