USD/JPY has plunged over 300 pips to 159.19. The dollar index (DXY) fell below 100 for the first time since June 17, down 0.81% on the day.

Fed Chair Kevin Warsh said he has not yet decided the content of his speech at the central bank symposium in Jackson Hole, Wyoming, at the end of next month. Speaking at the FOMC press conference after the latest meeting, Warsh said he has made no judgment on his remarks but signaled he will focus on the broader macro picture and outline major issues, warning that a rising cadence of meetings and press conferences can foster short-termism.

Bank of England Governor Bailey said profit margins are facing greater cost pressures.