Dollar and Yen firmer - BBH

Analysts at Brown Brothers Harriman highlighted hot topics in the FX space while acknowledging that the dollar has been able to claw back some of its recent losses, but faces a tough going over in the near-term.

Key Quotes:

"The yen is making new highs for this move, and Japan officials are not happy."

"Eurozone data was largely softer than expected."

"RBA met and kept rates steady at 2%, as expected."

"RBI met and cut rates 25 bp, as expected."