17 Jun 2015
USD/JPY drops below 124.00 after FOMC statement
FXStreet (Córdoba) - USD/JPY rose initially to 124.45 hitting a fresh weekly high but then turned to the downside after the release of the Fed statement. Price printed a fresh session low at 123.75 and then bounced to the upside but it was holding below 124.00.
As expected the US central bank left interest rates unchanged, in a unanimous decision. According to the FOMC members forecast the Fed could rise rates by 25 basis points two times this year. Officials cut growth projections for 2015.
Stocks rebounded to the upside while the US dollar dropped across the board, erasing gains. Traders now await Janet Yellen press conference.
As expected the US central bank left interest rates unchanged, in a unanimous decision. According to the FOMC members forecast the Fed could rise rates by 25 basis points two times this year. Officials cut growth projections for 2015.
Stocks rebounded to the upside while the US dollar dropped across the board, erasing gains. Traders now await Janet Yellen press conference.