The greenback was stronger running in to......>

FOREX: The greenback was stronger running in to the FOMC decision.

- USDJPY encountered some selling pressure in early EU hours after BoJ's Deputy

Gov. Amamiya noted that he doesn't rule out adjusting rates before Japan hits 2%

inflation, with USDJPY bottoming around 106.10, squeezing to 106.60 in NY hours.

- Slightly softer than exp. UK CPI data provided a short sharp burst of GBP

supply, with cable ebbing lower later in the day on broader USD strength. Hourly

support around 1.3980 came in to play before GBPUSD moved back to 1.4000.

- Interestingly EURGBP has closed lower (as of the London close) for 10 straight

days, this is the first time that this has happened since the inception of the

EUR.

- EUR fell afoul of the broader USD demand as the cross broke through rumoured

bids at 1.2250.

- The Antipodeans continued to slide, with a better than exp. WMP auction result

& an upgrade to Fonterra's milk price forecast doing little to support the NZD.

AUD moved below 0.7700 with momentum type accounts pressuring the Aussie.

- USDCAD had a brief look above 1.3100 but finished little changed on the day.