Back
29 Jul 2015
USD/JPY rises to 124.00 as Fed gives no clues about September
FXStreet (Córdoba) - USD/JPY dropped to 123.50 initially after the FOMC decision but then bounced to the upside and climbed to 124.00 hitting a fresh 5-day high. The pair was unable to break above the 124.00 area as the US dollar waivers across the board.
The US central bank left as expected rates unchanged and the statement showed little changes from the previous meeting, giving no clues about the liftoff date.
Stocks in the US initially reached fresh highs but then turned slightly to the downside but main stock indexes still remain in positive ground for the day. US government bonds dropped further pushing yields to new daily highs.
Limited impact
USD/JPY has moved modestly and currently it trades around the level it had before the FOMC statement at 123.80/90. The decision had modest impact on the currency market so far.
The US central bank left as expected rates unchanged and the statement showed little changes from the previous meeting, giving no clues about the liftoff date.
Stocks in the US initially reached fresh highs but then turned slightly to the downside but main stock indexes still remain in positive ground for the day. US government bonds dropped further pushing yields to new daily highs.
Limited impact
USD/JPY has moved modestly and currently it trades around the level it had before the FOMC statement at 123.80/90. The decision had modest impact on the currency market so far.