EUR/USD is holding up pretty impressively despite some pre-Fed position adjustment.
It looks as though traders are beginning to pare-back bets that the Fed will extend Operation Twist or do more QE. Gold is back below $1600 and USD/JPY is up to 79.35.
EUR/JPY short-covering is helping support EUR/USD but it holds up impressively given the short-term mood shift in the market.
Stops are eyed above yesterday’s highs at 1.2730 but sellers return ahead of 1.2750.