OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: USD/JPY eases to 95.40/42 after Fed

FXstreet.com (Barcelona) - The USD/JPY has been inching higher all day Wednesday, as risk appetite leading up the Fed has proven to be a boon for the pair. After operating positively for the entirety of the European session, cross fell off an intraday maximum of 95.73, moving to 95.40/42 following the recent update from the Fed. At the time of writing, the pair is securing an advance of +0.29% above its opening.

According to Research Analyst Geoffrey Yu at UBS, “A bullish trend persists for the USD/JPY as the upside path now looks to be defined. Resistance is at 96.71, while a break above this level would open 97.79. Conversely, support lies far lower at 93.57/11.”

In the United States, the Fed has decided to hold interest rates at 0.25%, which was precisely in line with expectations.

The Federal reserve leaves unchanged its interest rate at 0.25%

Read more Previous

Forex: USD/CHF falls to 0.9425 support after Fed decision

The USD/CHF has been on the wrong side of trading today, as investors’ optimism was seen permeating the sessions today, following yesterday’s risk-induced sentiment. Following the Fed decision in the United States, the pair has moved towards the 0.9423/25 level.
Read more Next
Start livechat