XE Market Analysis: Asia – Sep 16, 2020

The dollar headed a bit lower, then reversed course higher following the FOMC announcement, where policy was unchanged, as expected, though moves were modest. USD-JPY dipped from 104.98 to 104.80, then headed to 105.08 highs, as EUR-USD bounced from 1.1830 to 1.1855 before heading to 1.1805 lows. The FOMC’s “dot plot” indicated rates on hold for the foreseeable future, perhaps all the way out to 2023.

Source: XE news feed
XE Market Analysis: Asia – Sep 16, 2020