Back
19 Nov 2014
USD/JPY remains near 7-year highs after FOMC minutes
FXStreet (Córdoba) - USD/JPY spiked lower to 117.40 before the minutes and then rose back above 117.70, to the levels it had before Fed’s document, holding near 7-year highs.
USD down after FOMC minutes
According to the minutes, discussion about changing the forward language took place but not change was decided. Official saw limited impact from the global slowdown in economic activity.
Greenback dropped seconds before the release of the minutes, pulled back and then declined modestly, suffering so far a limited impact. USD/JPY currently trades at 117.70 , up 0.65 % for the day, headed toward the fifth daily gain in a row and the highest close since August or October 2007.
USD down after FOMC minutes
According to the minutes, discussion about changing the forward language took place but not change was decided. Official saw limited impact from the global slowdown in economic activity.
Greenback dropped seconds before the release of the minutes, pulled back and then declined modestly, suffering so far a limited impact. USD/JPY currently trades at 117.70 , up 0.65 % for the day, headed toward the fifth daily gain in a row and the highest close since August or October 2007.