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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.

GBP/JPY making fresh highs ahead of FOMC

GBP/JPY is trading at 184.64, up 1.02% on the day, having posted a daily high at 184.79 and low at 182.53.
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EUR/USD fails to sustain 1.2600 after Fed minutes

EUR/USD jumped to the 1.2600 area, seconds before the release of the FOMC latest meeting minutes, but failed to sustain the move and quickly pulled back to pre-minutes levels around 1.2560.
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