EUR-USD dove back below 1.1000 as the dollar rallied in the wake of yesterday's FOMC statement, extending to a new low for the week at 1.0942 in Europe. USD-JPY rallied out a fresh nine-day peak at 124.33. extending the post-FOMC gain. EUR-JPY also rebounded from a three-day low as the yen underperformed amid a backdrop of lower global stock markets. The Fed left the door to a September rate hike open without spooking equity investors. The Nikkei 225 index closed nearly 1% higher, and although China's markets dove in late trade, most bourses across Asia and Europe rallied.
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