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FOMC Minutes USD reaction picks up a.........>

DOLLAR
MNI (London)
DOLLAR: FOMC Minutes USD reaction picks up a little more momentum as USD/JPY
edges on toward Y111.00, off its pre release low of Y110.84. Move sees EUR/USD
trade around $1.1265, cable around $1.3100, though reaction still seen fairly
muted with moves seen partially correcting the pre release USD easing. USD/YEN
resistance seen into Y111.00, a breaka nd clear to expose stronger resistance
toward Y111.30. EUR/USD support now seen at $1.1250 ahead of stronger interest
into $1.1230. Cable currently finding support at $1.3100/1.3095, break to allow
for a move toward $1.3080 ahead of $1.3055. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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