Let me say this about the dollar. The dollar and yen (risk off currencies) are now lining up agnist the pound/euro/and small dollar countries. This confirms the shift from being short long bonds to being long.
The longer term trend is still for a rising interest rate long bond, but the shorter run (tactical) position is now in TLT.
As I stand going into Monday I'm 16% in UUP, 8% FXY and 4% TLT... all risk off assets.