The market has only had eyes for the federal deficit and may have ignored the continued flat to weak data coming from Europe and this risks a rebound in the dollar - but cause the Yen to strengthen against the European currencies.

But dollar strength should return from October...

...but for how long will this last before things revert back to the way they were?

Moribund conditions persist

"Natsu bate" overcomes the currency markets

Bearish barks and wagging tails in the forex markets...

But currency markets remain range bound...

or perhaps the market has lost interest in the yen...

The yen settles into a trading range...

Has the dollar cycle high against the yen begun to makes its impact..?