Forex: Dollar rises against the Yen after the FOMC decided to leave rates unchanged
04 Nov, 2009 @ 02:33 pm ET | written by FXStreet
FXstreet.com (Córdoba) - The Dollar jumped against the Yen after the FOMC decided to leave rates unchanged. USD/JPY rose from 90.80 to 91.27 posting a fresh intra-day high. But the pair then pulled back to the 91.00 zone after finding resistance near 91.30.
On the upside the next resistance lies at 91.60 (Oct 29 highs). Against European currencies the Yen is falling further after the FED's decision but at a moderate pace.
The FED decided to leave rates unchanged at historic low levels between 0 and 0.25%.
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