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After brief bout of volatility,..........>

DOLLAR-YEN
DOLLAR-YEN: After brief bout of volatility, greenback settles higher, with
USD/JPY just above pre-Fed levels now at Y108.21. Attention turns to the Powell
press conference for further clues - the IOER cut not seen as a surprise at this
stage given the repo market volatility over the past few sessions. Minimal
changes to the Fed statement also helping bolster the greenback here. 
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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