USD was mildly bid on Monday ahead of a very busy calendar starting with US CPI later today. The US Dollar Index (DXY) rose to a high of 104.26, testing its trendline resistance before paring back to finish the session modestly in the green. DXY continuing to trade in the tight range between its 200-Day MA to the downside and resistance at around 104.25 to the upside. USD traders have a busy week ahead, along with CPI today, PPI and the FOMC rate announcement are ahead tomorrow. {chart} The Japanese Yen dumped after a Bloomberg report citing BoJ sources that said the BoJ sees little need to end negative rates in ... (full story)