Dollar Weakness Drives Euro Higher

The EUR/USD pair is likely to test the 1.17 level as the US dollar weakens against other major currencies.

This comes after the plunge in USD/JPY, which has dragged the Dollar Index lower and strengthened other currencies against the US dollar.

Meanwhile, the US Treasury Yields remain higher and stable, with a bullish outlook for further rises. However, German Yields have dipped slightly and need to rise back up for a strong follow-through buying signal.