The US dollar has tumbled to its weakest level in almost two months, driven by a sharp rally in the Japanese yen and other global currency movements. The yen surged past 156 against the dollar, reaching its highest level since June 12, following official comments and a Trump interview. The British pound also hit new 12-month highs due to firm UK CPI data, while the euro climbed to four-month highs. European equities are mostly in the red, impacted by disappointing ASML earnings, leading to significant weakness in the Nasdaq. US index futures are pointing to dramatic losses. The dollar slipped to 103.70. Meanwhile, NZD/USD moved higher following inflation data.