Despite yesterday's rise to 107.75, dollar's subsequent selloff due to cross unwinding in yen indicates further consolidation inside the established range of 104.95-107.90 would be seen with downside bias, yield weakness towards 105.71/76 support area before prospect of a recovery due to oversold condition.  
Above 107.10/15 would risk gain to 107.40/50 but resistance at 107.75 (yesterday's high) should hold and bring choppy trading.