EUR, GBP and AUD hit session highs
Money has been piling into US dollar longs. Yellen is talking up a storm in her opening statement but she doesn't sound like she wants to strike a hawkish tone.
I sense some profit taking in those fast-money US dollar longs.
Everyone is long and many were waiting for the hike to cash out. The question for the bulls is whether real money will pick up the slack in the next day or so. It's a tough call but I don't see it, not with year-end so close.