The US Dollar recovers for a second day in a row this week.
The BoJ dropped mixed messages on its monetary policy.
The US Dollar index pops above 103.00 and rallies higher on Wednesday.
The US Dollar (USD) recovers as all asset classes start to head back to more normal levels. Equities are behaving quite well and are stable, volatility is easing, and safe havens such as Japanese Yen (JPY) and Swiss Franc (CHF) are easing further against the Greenback. The Japanese Yen, sinking over 1.5% against the US Dollar, is the biggest contributor to the recovery of the US Dollar Index (DXY).
On the economic front, there is a very light day ahead, which should be beneficial for markets to continue the recovery path. In the interest rate space, the 10-year Note auction from the US treasury might draw the most attention, seeing it is a substantial benchmark rate. Late on Wednesday, the United States (US) Consumer Credit Change data for June will be released.
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