The greenback rose to a 4-month high of 99.69 and then retreated sharply to 97.72 on active cross buying in jpy due to the renewed weakness in global equities, suggesting further choppy consolidation below there would be seen and stronger retracement to 97.55 cannot be ruled out, however, support at 96.85 would remain intact.  
On the upside, a rise above 98.90 would signal correction is over and may bring rebound to 99.20/30 but said top is expected to remain intact.