US dollar soars as the market sniffs out improvement on the trade front. 4 reasons why

The US dollar stormed ahead today, particularly USD/JPY which is now up 210 pips to 145.93. Some thoughts on what's driving the move: 1) A delayed reaction to the Fed Powell was hawkish yesterday and the market has priced out about 40 basis https://www.forexlive.com/news/us-dollar-soars-as-the-market-sniffs-out-improvement-on-the-trade-front-4-reasons-why-20250508