Forex: USD/JPY falls to 90.70 following FOMC statement
04 Nov, 2009 @ 03:19 pm ET | written by FXStreet
FXstreet.com (Córdoba) - The Dollar pulled back against the Yen to the 90.70 zone. USD/JPY jumped to 91.30 (intra-day high) minutes after the FED's decision but then retreated falling below 91.00 to 90.70. Dollar is still up for the day against the Yen as it trades 0.50% above today's opening price.
Valeria Bednarik, Fxstreet.com collaborator, affirms in the current FXstreet.com FED Interest Rates Decision Live Coverage: "Japanese yen, the other safe haven remains in range between 90.70/91.00 area, despite reaching an intraday high of 91.30. At this point, I do believe that no much more movements are going to be seen today, as investors will be reluctant to play strong cards ahead of tomorrow's data "
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