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Usd/Jpy peaked at Y107.62 in early NY, but....>

FOREX
FOREX: Usd/Jpy peaked at Y107.62 in early NY, but was quick to pare gains with
added weight from Fed Harker remarks that repeated he sees two 2018 rate hikes
as appropriate. The dip attracted fresh demand interest, squeezed to Y107.72 and
consolidated ahead of the FOMC.
-The FOMC minutes showed stronger growth lifts the likelihood of further rate
hikes, however investors focused on the headline that a few members continue to
be concerned of inflation lag. Usd/Jpy pressed to lows of Y107.28 on react.
-MNI's source story that said the ECB to gradually amend guidance ahead of APP
end, pressured Eur/Usd to intraday lows of $1.2300. Profit take demand
cushioned, rate squeezed to $1.2360 post FOMC minutes.
-Generally bullish remarks from BOE Haldane/Tenreyro to the TSC set the tone for
GBP, cable lifted to $1.3991. Failure to re-test the $1.40 handle and the
broader USD theme, later eased to the $1.3945/50 area. Post FOMC minutes
triggered broad USD sales, cable lifted to $1.4009.
-Aud/Usd struggled in early NY and was the worst performer in G10 against the
USD, but was quick to pare losses post FOMC minutes with a move to $0.7879.
Energy BulletsCommodities
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