USD ultimately ended lower on Monday with the US Dollar Index (DXY) first testing the resistance at 102.57 to the upside before reversing course to test the support at 102 to the downside. A risk on equity markets and some dovish developments. Data saw the NY Fed Survey show lower than expected inflation expectations. There was also a dovish call from Bank of America regarding the Feds holdings of US Treasuries along with what was seen as dovish comments from Fed members Bostic and Logan all weighing on the Greenback. {chart} JPY bounced back against the USD after its weak start to 2024. USDJPY falling from highs of ... (full story)