The dollar index (DXY00) today is up by +0.14%. The dollar is seeing support from hawkish comments on Saturday from Fed Governor Bowman, which pushed T-note yields higher. The yen is seeing weakness after a former BOJ member said the BOJ won't be able to raise interest rates again this year.
On Saturday, Fed Governor Bowman said, "The progress in lowering inflation during May and June is a welcome development, but inflation is still uncomfortably above the FOMC's 2% goal."
