Forex Pairs moving with US inflation

How many indicators do we need to come to the conclusion that US
inflation is on the rise and the Fed will continue to raise interest
rates?  It seems like everyone already knew this and yet the forex
market continues to move with additional evidence coming in this
morning.  GBP/USD is testing 12/2004 low, the EUR/USD is testing
11/2004 low, the USD/JPY is testing the 09/2004 high, and the USD/CHF
is testing the 11/2004 high.  So will the USD/JPY be the first to
break through the 115.00 resistance line.  I sure hope not. 
I’m down 98 pips since I shorted the pair late last week and since then
have been waiting for some indication that the major forex pairs will
break through support or resistance lines.

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