Traders note talk of USD/JPY sales on tap at the upcoming 16:00 GMT month-end fixing. EUR sellers are rumored as well, though there is demand for EUR versus the crosses.
I really caution readers to take these rumors with a large pinch of salt…In general, the dollar needs to be sold when US markets advance strongly during the month as passive investors shed the gain in market capitalization to get back to their benchmarks. The S&P rose about 5.5 this month, so one can assume the dollar will be offered across the board, on balance.