A mixed day for the dollar with no real.......>

FOREX: A mixed day for the dollar with no real direction seen. The main focus of

the day was on tax reform and Yellen's comments at the senate hearing for

Powell. The surprise of the session was yen and gold losing ground after the

North Korean nuclear test yesterday. 

-Aussie: Aussie touched $0.7600 before Eur/Aud short covering started to

pressure, slippage through the Asia low extended to $0.7576 in late European

trade. Early NY witnessed the rate print fresh session lows of $0.7575.

-Hawkish comments from the Fed's Yellen witnessed a wave of dollar demand with

the rate printing session lows of $0.7552 before recovering back towards

$0.7570-75 for the remainder of the NY session. 

-Yen: As US Tsys yields firmed in early NY, the rate grinded on to test the Asia

high of Y111.67.

*Moves through the 200-dma to Y111.77 following Fed Chair Yellen remarks that

said gradual rate increases appropriate path, this combined with strong US data

witnessed the rate print session highs of Y112.15 before fading back towards

Y111.80.