The USD is catching a bid on the back of remarks from Federal Reserve Board of Governors member Waller:
- Fed's Waller dismisses US CPI report as 'just one data point', markets 'way out in front'
- Fed's Waller - November FOMC statement designed to signal potential step down to 50
Waller is pushing back against the surge in risk (and USD selling) that was the response to last Thursday's cooling CPI report.
USD/JPY as an example:
