FXstreet.com (CÃ³rdoba) - The Yen at first weakened across the board, following the FED decision. But a few minutes later, the Japanese currency managed to recover. Currently is at the same levels it had across the board before the release. USD/JPY is testing levels below 96.00. The pair rocked after the decision to 96.75 and the tumbled to 95.70. Currently the pair is 0.13% above today's opening price.
Nick Nasad, currency market analyst with CMS Forex: Today's announcement, while acknowledging the better data from the US, did not present any exit-strategy language from its zero-interest rate policy. we did see that the treasury purchase plan is set to be conclude, though te pace at which the Fed will buy Treasuries will slow, so that the program can run through October.Though there was initial greenback strength, most of the gains were pared down, which made this a rather volatile and tricky news event to trade.