USDJPY moves back up to the session highs.
The headline that "Trump, Congress agree on Harvey aid, debt limit, cr through Dec 15" has led to a move higher in the USD.
The USDJPY is now trading at new session highs. The pair is approaching the 38.2% of the move down from last weeks high to the low today. That comes in at 109.29. A move above targets the 100 and 200 hour MAs at 109.51-53.
The USDCHF is also up testing the 200 hour MA at 0.95737. That MA stalled the rally earlier today.
The US major indices moved up a bit on the news. The S&P is trading back up near the earlier highs for the day at 2467.47 (trading at 2466.67 now). The Nasdaq is trading up 19.6 points at 6395.68. The high was near the opening today at 6402.79.
Finally, yields are trading higher with the 10 year yield up 3.4 bps to 2.094%. That is near the highs at 2.9059%.
