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Fed meeting minutes pretty neutral but not hawkish- USD/JPY slips
The minutes from the November 7 Federal Reserve Open Market Committee (FOMC) policy meeting have now been released. The immediate takeaway from these minutes has been pretty neutral, but in the early assessment not exactly hawkish. The views of many voters was mixed in terms of slowing the pace of further cuts and some looking for a continuation of gradual easing. The impact of this has not really helped the dollar much and the USD/JPY has initially slipped on the news. It has helped US stock markets though and all three major indexes are pressing a little higher. The USD/JPY was trading close to 153.40 leading into this. It is now trading at 153.25
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