No real surprises. Dollar moves up a little
The FOMC statement was pretty much as expected. The price action has seen a little firming of the dollar.
The USDJPY made new session highs and has moved above the topside trend line at 112.49 area. The 112.68 is the 61.8% of the move down from the March high. A move above that and traders will be looking toward 113.00.The EURUSD moved down to test the 1.0900 level but has so far held above (the low reached 1.09019). A move below the 1.09000 level will look toward the 200 hour MA and 50% retracement area at 1.0885 area. The low price over the last 3 1/2 days comes in at 1.08827. A move below that level should be more bearish technically.