The dollar corrected some during the European AM session, seeing EUR-USD rebound about 30 pips to the 1.0850 area and USD-JPY dip below 124.30. The greenback has seen losses of a similar magnitude against sterling and the Aussie dollar, among others. There were no fresh news drivers, and today's U.S. calendar is pretty quiet, featuring revised production data. USD-JPY had earlier clocked a six-week peak at 124.47 as Japanese markets returned from a long weekend.
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