XE Market Analysis: Asia – Oct 29, 2015

Following Wednesday’s sharp rally, the dollar was relatively subdued through the N.Y. session. Q3 U.S. GDP disappointed, though yields continued their march higher. The dollar later settled into a narrow trading range versus the major currencies, though has retained the bulk of gains it made post-FOMC. EUR-USD made N.Y. session lows of 1.0925 earlier, before topping out at 1.0986, and then settling in near 1.0960. USD-JPY has held the 121 handle in the lead-up to tonight’s BoJ meeting, while cable plied a thin range on either side of 1.5300.