This is just positioning within ranges but I still think the dollar is going higher.

The dollar was reluctant to follow movements in the equity market, but when the selling became fierce, it started to respond.

I think [a tame CPI increase] would give the market a further sign of relief and could give the bond market a boost.

The Dollar/Yen remained hemmed in narrow ranges as traders were unsuccessful in their attempts to push the dollar through key technical resistance.

Normally that would strengthen the euro.

If the yen continues to strengthen, then it's not a good thing for the Japanese because their exports aren't going to be competitive into the U.S.. I think as you get to 105 and pull below, it's going to hurt the Japanese stock market. So, too strong of a yen is not good.