Buyers come racing in
The USD stocks are now higher on the day with the S&P up 0.25% and the Nasdaq up 0.41%.
In the forex market, the USDJPY and the USDCHF made new highs on some dollar buying. The USDJPY moved above the 100 hour MA at 109.535 (high extended to 109.65). The USDCHF is trading at the high for the day at 0.9392. That is testing the swing high from January 30th.