The bond market is off its low yeilds and stocks are taking the FOMC statement in stride, so one has to wonder if the forex market is overreacting.
EUR/USD continues to rally, now above 1.3200 after breaking its 76.4% retracement at 1.3158 after the Fed. 1.3334 is the full retracement.
1.3221 is the 200-day moving average. We’ve reached 1.3214 so far.
2-year notes are at 0.452% from 0.444% lows.