EUR/USD saw a bit of short-covering late in the European session, rising briefly to the 1.3566 level before slipping back to opening level right around 1.3520. It was one of the quietest days in weeks.
USD/JPY slipped back after the Fed bough about $8 bln in longer-dated (out to 10-years) coupons which briefly knocked yields down to around 2.80% intraday before backing up to 2.88% late in the day. It held 83.00 and ends at 83.28.
GBP/USD rallied to 1.5945, stalling just below the important 1.5950 level from which cable tumbled earlier in the week. Like EUR/USD, the gains were fleeting and we close at 1.5895.
Commodity currencies were mostly range bound with CAD an under-performer on a further fall in oil today. We are back near $80 after flirting with $90 last week.
The broad theme today was consolidation within a broad dollar rally.