There were reasons aplenty to see rates and the USD higher. Jan CPI was much firmer than expected

GBL: The Unbelieving Market

FX Tech Weekly by Saktiandi Supaat

FX Research

There were reasons aplenty to see rates and the USD higher. Jan CPI was much firmer than expected, Philly Fed outlook was the highest in 33 years. Fed Yellen was decidedly hawkish along with Lacker (non-voter) and Fischer. To be clear, the Fed Chair seems a lot less cautious than how she sounded in the past two years. Still, market players remained stubbornly unconvinced that the Fed is going to move in Mar with the fed funds future pricing in only 36% of a move next month. With the DXY...