Wednesday 20 May 2015

XE Market Analysis: Asia - May 20, 2015

Aside from some post-FOMC minutes volatility, the dollar was fairly steady through the N.Y. Wednesday session, though did manage modest gains overall. EUR-USD managed at 1.1075 to 1.1145 trading range, before rattling around inside a 1.1140 to 1.1070 band immediately after the minutes release. USD-JPY was sold off early from 121 on profit taking, though fought its way back to near 121.50 in the aftermath of the minutes. The 121.50-70 region provides good resistance however, and the pairing fell back under 121 into the close.



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