The Fed dovish? Who knew?
EUR/USD has been edging up since the minutes, in which the Fed staff lowered both its GDP and inflation forecasts.
US real money selling has dried up after driving EUR/USD as low as 1.3355 earlier, allowing prices to rebound toward 1.3400, where offers are rumored. Stops are seen in the 1.3405/10 area from day traders.
USD/JPY has triggered stops down to the 93.66 level so far and EUR/JPY is flirting with its important support around 125.45. Cable is well-supported after triggering stops above 1.5250. 1.5320 is resistance.
AUD/USD is on another tear, seemingly loved in New York more than Sydney. 0.9328 is next resistance.