FX Closing Comments

The Dollar fell back today in a rather counter-intuitive day. In the morning, poor consumer sentiment sent the Dollar higher. In the afternoon, the release of hawkish Fed minutes, sent the Dollar sharply lower. We still have inflation data and non-farm payrolls to come and another re-shuffling could be in store. Overnight, we'll see Japanese retail sales figures for July, which could add additional pressure to a Yen that has suffered poor sentiment in recent sessions.