The dollar is picking up some upward speed

USDJPY trades at session high. GBPUSD at session lows

The dollar is picking up some upward speed in the last few minutes of trading. Headlines that Pres. Trump was impressed with John Taylor for Fed chair has the market thinking a more hawkish slant at the Fed.

The USDJPY is trading at session highs after whipping around a bit after headline about diplomatic talks with N. Korea were refuted. The move higher corrected toward the earlier NY high. That is where the price based from to move higher.

The move did extend above the 100 hour MA at 112.159, but has additional resistance at 112.208 to 112.32. The high so far has reached 112.26.

For the GBPUSD, it fell below its 100 hour MA at 1.32459. The low reached 1.32224. The price si back up retesting the 100 hour MA. Key test right now. Stay below keeps the sellers more in control.