You could argue that Asian equities' (Japan in particular) weakness overnight had something to do with Japan moving back into a state of (covid) emergency -- it wasn't announced until this morning, but it was rumored during the session. You could also surmise that, after a nice run of late, markets are simply taking a breather.
Europe's taking a beating this morning on no apparent news, although Russia has amassed a hundred thousand troops along the Ukrainian border...hmm...
In my April 2nd video commentary I pointed to what I viewed as a notably bearish technical setup for the dollar.
Here's the action since:
"The main lesson of history is that people don't learn the lessons of history."
Have a great day!