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US Federal Reserve keeps Fed funds rate unchanged- USD/JPY reclaims 151.00
The voting arm of the US Federal Reserve; the FOMC have just decided to leave the Fed funds rate unchanged at 5.375% (mid-point). Ahead of this outcome the dollar was making back some lost ground, especially versus the Yen. Earlier the USD/JPY had fallen to a session low at 149.64, after the latest US data releases missed estimates. It was on the rebound, to a high at 150.95 leading into the Fed decision. It was noted here earlier this afternoon; that the dollar had already fallen by more than 400 pips on the day, when it hit the lows and as such all the previous news, from the BOJ rate hike and US data was surely priced-in at that point. Well, as you can see, it was that way leading into this Fed policy decision. The outcome of this unchanged decision has pushed it above 151.00 despite some slight changes to the Fed language. The USD/JPY is just now trading at 151.15
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