{"id":71714,"date":"2015-04-29T01:45:24","date_gmt":"2015-04-29T05:45:24","guid":{"rendered":"http:\/\/countingpips.com\/?p=71714"},"modified":"2015-04-29T07:50:57","modified_gmt":"2015-04-29T11:50:57","slug":"usdjpy-stalls-ahead-of-fomc","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/04\/usdjpy-stalls-ahead-of-fomc\/","title":{"rendered":"USD\/JPY stalls ahead of FOMC"},"content":{"rendered":"
April 29, 2015<\/div>
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Article by ForexTime<\/a><\/p>\n

USD\/JPY opened in Asia 118.89 after being only USD pairing not to fall Tuesday
\n\u2022 Higher USD Treasury yields underpinned USD\/JPY amid broad USD weakness ahead of FOMC statement today
\n\u2022 Tokyo holiday ensured little or no price action\/turnover with 118.76\/89 range
\n\u2022 JPY appears to have regained the role as funding ccy for carry trades
\n\u2022 Hourly support has formed around 118.75 with stops eyed below 118.50<\/p>\n

EUR\/USD opened in Asia at 1.0980 after gaining 0.80% on broad USD weakness
\n\u2022 It was a very quiet Asian session with EUR\/USD trading in 1.0966\/81 range
\n\u2022 The USD made a small recovery against risk ccys as risk assets eased
\n\u2022 EUR\/USD sellers are lined up above 1.1000 while buyers tipped around 1.0960
\n\u2022 German Inflation and EZ Sentiment data today, but key events in US
\n\u2022 US Q1 GDP will be followed by FOMC decision\/statement<\/p>\n

AUD\/USD opened on Wednesday at 0.8024 and traded a 0.7988-0.8026 rg in Asia
\n\u2022 DXY down 0.7% Tues; AUD\/USD up 2.0%; AUD crosses up 1.1% to 1.9%
\n\u2022 Five upcoming c\/b meetings over next two days could create waves for AUD
\n\u2022 Nothing fundamentally changed for AUD\/USD \u2013 just massive short covering
\n\u2022 May rate cut odds up to 58% from 49% due to elevated AUD (PW)<\/p>\n

NZD\/USD opened on Wednesday at 0.7722 and traded a 0.7700-37 range in Asia
\n\u2022 NZD\/USD a mirror albeit lagging image of AUD\/USD as p\/t sets in
\n\u2022 DXY fell 0.7% Tues; AUD\/USD up 2.0% and NZD\/USD up 0.95%
\n\u2022 Long USD positions mostly flushed ahead of FOMC and RBNZ meets
\n\u2022 Mkt fully aware now RBNZ has adopted a soft easing bias
\n\u2022 Anything less from RBNZ cld see NZD rally hard especially agst AUD (PW)<\/p>\n

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Article by ForexTime USD\/JPY opened in Asia 118.89 after being only USD pairing not to fall Tuesday \u2022 Higher USD Treasury yields underpinned USD\/JPY amid broad USD weakness ahead of FOMC statement today \u2022 Tokyo holiday ensured little or no price action\/turnover with 118.76\/89 range \u2022 JPY appears to have regained the role as funding […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-71714","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/71714","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=71714"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/71714\/revisions"}],"predecessor-version":[{"id":71743,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/71714\/revisions\/71743"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=71714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=71714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=71714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}