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Dollar index (USDX) rebound stalls just above 104
Yesterday, as covered here at the time, the dollar got rescued by another push higher in US yields. That saw the USD/JPY rise above 150.50 and pushed the EUR/USD close to the 1.0800 handle. The impact of those moves lifted the USD Index (USDX) back above 104.00, after it had earlier fallen to a low at 103.43. The index rose to 104.12, but it could not manage to hold above 104 into the close. It has held a tight range so far today (103.86 to103.96) and remains camped just underneath that 104 level. Immediate support is at 103.73 and resistance at 104.07
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