XE Market Analysis: Europe – Feb 15, 2017

The dollar consolidated post-Yellen gains in the pre-London session in Asia. USD-JPY steadied after rallying over a big figure to a 114.50 high in the wake of Fed Chair Yellen’s testimony before the Senate, where she left the door open for a March hike, which was enough of a surprise from the normally dovish Yellen to prompt a market reaction. USD-JPY left a high of 114.50 following her testimony, and subsequently edged out a new peak at 114.51 in Tokyo before the pair subsequently held steady around 114.30-40.

Source: XE news feed
XE Market Analysis: Europe – Feb 15, 2017