The dollar's technical tone has improved against the complex of European currencies, but it remains soft against the dollar-bloc. There are a few macro-fundamental developments, like Draghi's hint that the ECB may be getting closer to taking non-conventional measures and somewhat stronger US data that weighed on the euro. Against the yen, the outlook is less clear. After making new 10-week highs before the weekend, the dollar slipped lower and closed below the previous day's range. This potential key reversal warns of additional backing and filling after the dollar rallied about 2.5% over the past seven sessions. ... (full story)