FXY - Dollar Breaks Down

• The Dollar Index was stalling near 91.40 at the end of April and the start of May. It had been pushed to around 90.85 before the employment report, which saw it drop to around 90.20, below its lower Bollinger Band.
• In the middle of last week, the euro had fallen to a 2.5-week low near $1.1985, but it rebounded quickly, and before the US employment miss, it was trading around $1.2075, its best level for the week.
• The softer US rates stalled the greenback's advance near JPY109.70, while Japanese markets were closed at the start of last week, but even when the holiday ended, the appetites for the dollar did not return.

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