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Forex: EUR/GBP edges higher after surprise FOMC release

FXstreet.com (Barcelona) - EUR/GBP has edged higher following the surprisingly early release of today's FOMC minutes.

The pair had dipped from its daily high at 0.8560 following commentary from BoJ Governor Kuroda, which saw spot decline to find support around 0.8540, just above the daily pivot point at 0.8535. The reason for the early release is as yet unknown, but the minutes disclosed that FOMC members saw little change in outlook from prior meetings and a number of members saw QE tapering off at around mid year. Spot is currently trading at 0.8544, and hourly stochastics look congested at mid range at 54, while RSI is positioned to continue ranging at 53.

Kuroda: Measures taken by BoJ sufficient to meet 2% inflation target

BoJ Governor Haruhiko Kuroda said on Wednesday that the monetary policy decisions taken last week should allow for attaining the 2% inflation target in two years time. He also added that he did not expect an “avalanche” of Japanese capital outflows resulting from the aggressive easing move.
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Fed Minutes: QE to continue at least until midyear

Minutes from the Fed monetary policy meeting held on 19 and 20 Mach and unexpectedly released several hours earlier than scheduled, revealed that the FOMC members continued discussing the ongoing 85 billion dollar QE program and when should it be abandoned.
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