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Following on from earlier updates after the Fed policy decision, the dollar has now given back those immediate post decision gains. The price action across the EUR/USD, GBP/USD and especially the USD/JPY is very fluid. Now the USD/JPY is dropping back to fresh session lows once more as the EUR/USD rebounds from around 1.0820 to above 1.0860. As usual, all these pairings are jumping around on each and every comment and sound bite from the Fed chair. That is being made more prevalent by the fact we are now at the end of the month. Liquidity looks sporadic and conditions are thin and it is hard to predict where the dollar might end by the close this evening. That said, it does not look too positive for the US currency as I end this update. There will be more to add tomorrow when the BOE looks set to grab the stage
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