The dollar has recouped some of yesterday's losses while the yen has outperformed amid a risk-off start to the new quarter. EUR-USD settled in the upper 1.13s after peaking at a five-month high at 1.1411 yesterday. USD-JPY fell below yesterday's low in making a nadir at 112.05, while EUR-JPY and other yen crosses also declined. The Canadian dollar underperformed amid fresh losses in oil prices. There has been a slew of Markit manufacturing PMI reports out in Asia today, and a further slew will arrive in Europe and the Americas today. Top billing is the release of the U.S.
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