MNI: The dollar experienced a limited and short......>

MNI: The dollar experienced a limited and short lived pullback against the bulk

of the majors as the USDJPY ground to fresh lows although the Antipodean

currencies were the most reluctant to go bid.

- JPY had already run lower in early dealing as the JPY outperformed.

- The move came against a bout of equity weakness ex-China, a tick higher in US

Tsys and dovish comments from 2018 non-Fed voter Kashkari, who stressed that the

Fed's inflation target needs to be asymmetric. He also reiterated that he

believes that the FOMC should not rush in to decisions based on 1-month's worth

of data.

- Kashkari's comments offered little fresh insight as he stuck to his dovish

playbook, and therefore the modest move was more likely linked to further JPY

strength vs. the USD.