Confused about the US dollar? Try EUR/JPY

EUR/JPY rises to the highest since January

All the talk at the moment is on the intraday reversal in the US dollar. It jumbles what had looked like a breakdown in the currency. Now the USD/JPY, cable and USD/CAD charts don't look quite as straightforward.

If the dollar has you wary, have a look at EUR/JPY. The pair has been in a 300 pip range for eight weeks but broke out to the upside today.