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GBP/JPY climbs to highest since 2008

FXStreet (Córdoba) - After the FOMC statement GBP/JPY rose further and climbed to 175.94, the strongest level since October 20, 2008. Yen weakened across the board pushing the pair to the upside.

The FED kept rates unchanged and reduced the asset purchase program by another $10 billion. According to FOMC projections the rate could rise sooner that it was previously expected.

Greenback jumped in the market but afterwards trimmed gains, still trades above the level it had before the statement. While GBP/USD holds around the level it had before, USD/JPY is trading near 108.00, at fresh 6-year highs.

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EUR/USD is trading at 1.2943, having posted a daily high at 1.2982 and low at 1.2897.
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Fed confirms QE end at October and rates hiking next year; but everything will be data dependent

The Federal Reserve maintained its interest rate unchanged at 0.25% while its QE was reduced by another $10B leaving the purchases ready to be finished next meeting as expected.
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