US dollar rising as Fed's Waller pushes back against market euphoria

The USD is catching a bid on the back of remarks from Federal Reserve Federal Reserve The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the Read this Term 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: