Dollar higher then dollar lower.

"Many" thought a rate hike was appropriate fairly soon.

That seemed to be an early headline to send the dollar higher, but then the market started to focus on the list of risks including the dollar, downside inflation risk, downside risk from some potential policies. The dollar went back lower.

USDJPY. This pair moved above the 200 hour MA at 113.57 but is now approaching the 113.00 level. The price is below the 100 hour MA at 113.258 and the 100 bar MA on the 4-hour chart at 113.11. Those are risk levels now. The low for the day at 112.90 is the next target. Up and down continue

EURUSD. The price of the day at 1.0519 was sniffed on the initial decline (the low reached 1.0526, but the price has since take otu the high for the day and traded up to 1.0572. The 1.0586 is the 50% of the move down from last week's high.

GBPUSD The low for the GBPUSD reached the cluster of support between 1.24067 and 1.2417. The low reached 1.24139. The price has moved to toward the 100 and 200 hour MAs between 1.2455 and 1.24688. The high reached 1.2464.

Activity is volatile and choppy, but seems to be slowing down.