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.
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