Dollar and Yen gain into the 4pm London fix

The dollar has been slowly winning back ground versus the European currencies this afternoon and that has seen the GBP/USD drop back below 1.39 and the EUR/USD slip just now to session lows underneath 1.1860. Consequently, the USD index (USDX) has now lifted back above 92.00. Earlier today the index fell back to as low as 91.90. It is now back above 92.10. The move higher in the dollar is not one-dimensional though because the Yen is holding its gains too and that means that a lot of the Yen crosses are now lower. The leading examples of that are the EUR/JPY and the GBP/JPY. Those are now back near session lows as dollar and the Yen both make headway into and just after the 4pm London fix