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Greenback Very Moderately Lower Following FOMC Decision

FOREX
  • Very little reaction following a decision and statement that are bang in line with expectations and focus turning immediately to Chair Powell's press conference.
  • Some very moderate downward pressure on the greenback keeps the USD index in negative territory with USDJPY edging back towards the lower part of the sessions range around 140.40. Further weakness would narrow the gap with initial support which lies at 139.75, the Jul 21 low.

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