Eyes are on Fed Chair Yellen tonight and tomorrow. Her
trajectory on rates will be scrutinized and more specifically whether Fed
will act in Mar. The Dodd Frank is likely to be defended and she might
even touch on the topic of Fed’s participation in international financial
regulation. Her words should provide USD with the next directional cue.
In the meantime, expect some consolidation for USDAsians including the
USDJPY which has been hovering within the 113-114 levels yesterday...