The EUR/USD pair plunged to 1.2097, its lowest since early January amid a combination of dollar-positive events and the disappointment brought by an on-hold ECB.
A second attempt to regain the key threshold was quickly reverted. UK and US GDP figures on Friday will be the final challenge.
The USD/JPY pair can't extend its latest rally as yields retreated modestly, yet the downside remains quite limited on renewed confidence on the USD.
![Yohay Elam]()
The uniform reaction to higher US yields will unlikely continue. When the dust settles, we will see which currencies are genuinely vulnerable and which have been carried away and are set to recover.
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