30 Apr 2014
USD/JPY up slightly after FOMC statement
FXStreet (Córdoba) - The USD/JPY moved slightly to the upside after the FED announced another cut in the bond purchase program as expected. The pair rose from 102.10 to 102.24, on a limited reaction. So far the US dollar held steady across the board, consolidating daily losses.
The Federal Reserve cut the bond purchase program in 10B, from $55 billion to $45 billion. The Quantitative Easing program is likely to end sometime during 2014. According to the FOMC the economic activity has picked up recently.
The Yen also held steady in the market following the FOMC statement as US Treasuries also remained relatively unchanged.
The Federal Reserve cut the bond purchase program in 10B, from $55 billion to $45 billion. The Quantitative Easing program is likely to end sometime during 2014. According to the FOMC the economic activity has picked up recently.
The Yen also held steady in the market following the FOMC statement as US Treasuries also remained relatively unchanged.