The major dollar pairings have held within yesterday's ranges. EUR-USD stuck to a modest oscillation in the upper 1.10s while USD-JPY remained stuck around 123.50. News that Japan retail trade for June fell -0.8 % m/m, slightly better than the -0.9% consensus forecast, had little impact. Market participants are now waiting on the FOMC in the U.S., which concludes its two-day meeting today.
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