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7 Jan 2015
USD/JPY trim gains after FOMC minutes
FXStreet (Córdoba) - USD/JPY dropped modestly after the release of the FED minutes. The pair fell from 119.40 to 119.10, reaching the lowest price since the European session.
Despite the retreated the pair still remains in positive territory for the day, recovering ground after falling more than two hundred pips in the previous two trading days. Currently trades at 119.15/20, up 0.60% for the day.
According to the minutes, the Federal Reserve would not consider rising interest rates before April. Officials showed optimism about the strength of the US economy but mentioned concerns about the global economy. Stocks in the US held to gains after the minutes while the US dollar retreated modestly.
Despite the retreated the pair still remains in positive territory for the day, recovering ground after falling more than two hundred pips in the previous two trading days. Currently trades at 119.15/20, up 0.60% for the day.
According to the minutes, the Federal Reserve would not consider rising interest rates before April. Officials showed optimism about the strength of the US economy but mentioned concerns about the global economy. Stocks in the US held to gains after the minutes while the US dollar retreated modestly.