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21 May 2014
USD/JPY hits 3-day highs after FOMC minutes
FXStreet (Córdoba) - The USD/JPY rose from 101.45 to 101.62 after the release of the FOMC minutes of the last meeting held in April when the FED announced another cut to the asset purchase program.
Initially the pair dropped to 101.35 but then bounced reaching a fresh high. Currently trades at 101.48, around the same price it had before the minutes, consolidating moderate daily gains but far from the lows.
According to the FED¡s document, FOMC members debated strategies at the meeting but made no other decision was made. The central bank saw no inflation risk in fueling job growth.
Initially the pair dropped to 101.35 but then bounced reaching a fresh high. Currently trades at 101.48, around the same price it had before the minutes, consolidating moderate daily gains but far from the lows.
According to the FED¡s document, FOMC members debated strategies at the meeting but made no other decision was made. The central bank saw no inflation risk in fueling job growth.