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Fed keeps Fed Fund rates on hold- USD/JPY lifts on the news

The US Federal Reserve policy voting committee: the FOMC have just decided to leave their Fed Funds rates unchanged, as was expected by the markets. The upper band remains at 5.5% and the lower band stays at 5.25%. The reserve balance rate is also unchanged at 5.4%. The immediate impact of that has seen the USD/JPY lift back above 156.00. Earlier the USD/JPY traded to a low at 155.72 after the CPI data sent the dollar sharply lower. The USD/JPY has lifted above 156.20 on the news. It is just now trading at 156.11
 

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