17 Dec 2014
USD/JPY turns lower after FOMC statement
FXStreet (Córdoba) - USD/JPY dropped to 117.02 immediately after the release of the FOMC statement but rose quickly back to the level it had before and even approached 118.00.
Currently is hovering around 117.50, holding a bearish tone but looking for a direction. The US dollar made sharp moves across the baord but remained near the level it had before the FED while stocks jumped.
The central bank kept rates unchanged as expected and said that it will be patient to begin the normalization of the monetary policy. Three FOMC members voted against the decision. Now market attention turns to Yellen’s press conference.
Currently is hovering around 117.50, holding a bearish tone but looking for a direction. The US dollar made sharp moves across the baord but remained near the level it had before the FED while stocks jumped.
The central bank kept rates unchanged as expected and said that it will be patient to begin the normalization of the monetary policy. Three FOMC members voted against the decision. Now market attention turns to Yellen’s press conference.