The dollar is trading softer following yesterday's sizable correction in the wake of Yellen's dovish-tilted proceed "cautiously" remarks, which deflated the more hawkish-tilting rhetoric of some of her colleagues over the previous week. A side-theme has been yen outperformance, rebounding following a run of eight straight down sessions. EUR-USD has clocked a 12-day peak at 1.1311, returning focus on the Mar-17 peak at 1.1342. USD-JPY has fallen to a one-week low at 112.21.
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