The US dollar momentum continues
The US dollar caught another small bid after the ISM manufacturing data. The move was likely restrained because traders are sitting on their hands ahead of the FOMC statement in a few hours.
USD/JPY hit 113.95 in a 20 pip jump on the data but offers at the big figure quickly erased most of the move.
The ISM's Holcomb is in a conference call and he struck a familiar theme. He said the gains were driven by hopes and expectations under Trump. He called the data a very positive start to the year.