Markets take a breather as the FOMC casts its shadow

And a welcome breather for yours truly too as

The pound has been the main focus this morning but we’ve seen some opportunity in other pairs with the Yen and Swiss still finding sellers on cross plays keeping USDJPY and USDCHF underpinned

The market’s been happy to buy some USD lately on expectations of a more hawkish stance from the FOMC but we’ve been here before only to find Yellen still in cautious mode

And I expect more of the same this time