29 Apr 2015
USD/JPY recovers modestly after FOMC meeting
FXStreet (Córdoba) - USD/JPY was trading at daily lows around 118.60/65 and then rose to 119.05 after the release of the FOMC statement and minutes afterwards dropped toward 118.70. Greenback recovered modestly across the board but still remains sharply lower for the day.
According to the Federal Reserve statement following the 2-day meeting the slowdown in the economy reflected transitory factors and official continues to see moderate growth and jobs gains. After the Fed statement many investors continue to see likely that the central bank raises rates during 2015.
USD/JPY holds above 118.50
The pair reached elair at 119.36 a two day high and then reversed as the US dollar turned sharply lower following US GDP data. Now is trading around the level it closed yesterday, after being able to hold above April lows that lie at 118.50.
According to the Federal Reserve statement following the 2-day meeting the slowdown in the economy reflected transitory factors and official continues to see moderate growth and jobs gains. After the Fed statement many investors continue to see likely that the central bank raises rates during 2015.
USD/JPY holds above 118.50
The pair reached elair at 119.36 a two day high and then reversed as the US dollar turned sharply lower following US GDP data. Now is trading around the level it closed yesterday, after being able to hold above April lows that lie at 118.50.