US dollar gains momentum across the board, ahead of FOMC minutes. USD/JPY recovers half of Tuesday’s losses, bullish intraday bias intact while above 105.60. The USD/JPY pulled back to 105.15 and rebounded sharply, breaking above Asian session’s highs and reached a fresh daily high at 105.76. As of writing, it trades at 105.70, up after falling during three consecutive days. A stronger US dollar across the board boosted the USD/JPY further higher. The greenback has gained momentum during the American session amid a modest rebound in US yields and ahead of the release of the FOMC minutes. The US Dollar Index (DXY) printed a fresh high around 92.60 and is up 0.35% on Wednesday, ending a five-day losing streak. The dollar has strengthened versus the G10 group but is remains in negative territory versus emerging market currencies. The Swiss franc and gold dropped considerably over the last hours. At the July meeting, the Fed, as expected, kept monetary policy unchanged. Analysts will look into the minutes for clues about what the Fed could announce at the September meeting considering that by then the central bank could have completed its strategy review. Technical levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold: XAU/USD extends slide to the $1950 area before FOMC minutes FX Street 2 years US dollar gains momentum across the board, ahead of FOMC minutes. USD/JPY recovers half of Tuesday’s losses, bullish intraday bias intact while above 105.60. The USD/JPY pulled back to 105.15 and rebounded sharply, breaking above Asian session’s highs and reached a fresh daily high at 105.76. As of writing, it trades at 105.70, up after falling during three consecutive days. A stronger US dollar across the board boosted the USD/JPY further higher. The greenback has gained momentum during the American session amid a modest rebound in US yields and ahead of the release of the FOMC minutes. The US Dollar… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
