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USD trades mixed after FOMC statement

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 28, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    On Wednesday, USD trading was order driven as investors counted down the FOMC decision. There was no consistent trading pattern across markets and in the individual cross rates. USD/JPY was well bid as sentiment on risk improved slightly during the day. At the same time, the euro drifted higher supported by the price action in individual cross rates like EUR/JPY or EUR/CHF. The Fed’s policy assessment was close to December. The Fed is closely monitoring global economic and financial

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