The US dollar has made three separate moves after today's US inflation report showed prices rising faster than anticipated. The first move was a 40-60 pip jump in the dollar as core CPI rose 0.4% compared to 0.3% expected in February.
However that move lasted only seconds and was quickly erased and then more.
But more recently, the dollar is beginning to climb again. On a one-minute EUR/USD chart it looks like this:
![EURUSD 1 min chart](https://images.forexlive.com/images/EURUSD%201%20min%20chart_id_1f887e62-baab-41ec-92af-b83100bc5f9a_original.jpg)
It's a similar story in USD/JPY as it begins to climb again.
![USDJPY 1 min](https://images.forexlive.com/images/USDJPY%201%20min_id_be93d534-8c20-47a8-8872-66aa680882f9_original.jpg)
The bond market isn't giving many clues as it's played the same game as FX with US 2 year yields jumping, reversing and now tracking higher again.
![CPI meme](https://images.forexlive.com/images/CPI%20meme_id_14ca433c-ea0e-420a-b52d-02e25234b55d_original.jpg)