Some US dollar bids have emerged early in North American trading, helped along by an uptick in Treasury yields.
I don't see a clear catalyst for the dollar move but it's boosted up USD/JPY to 149.20 from 148.95.
![USDJPY 10 mins](https://images.forexlive.com/images/USDJPY%2010%20mins_id_e4acc9eb-d819-4d76-9917-ef9fd92e12d2_original.jpg)
Other dollar moves have been smaller so these could be yen flows.
In any case, the dollar rally has hit commodities particularly hard with gold now down $6 and oil quickly falling by more than $1 before a bounce.
The Fed's Bowman speaks in a few minutes and it's a good bet that she's hawkish, though in early January she said that her hawkish stance had 'evolved' into a place where more rate hikes weren't needed.