In the New York market, USD/JPY was trading around 157.90 and EUR/USD around 1.1460. Yen movements related to the Bank of Japan policy meeting are driving the market. More recently, USD/JPY continued to trade within its range, while EUR/USD, despite limited movement, at one point moved toward 1.1455.
In early New York trading, USD/JPY was around 157.90 and EUR/USD around 1.1460. Trading has been driven by the yen in connection with the Bank of Japan policy meeting, with USD/JPY moving within a range of 155.87 to 158.05.
EUR/USD traded around the previous New York close of 1.1476, with the latest low extending toward 1.1455. The dollar's underlying strength following the US FOMC meeting may be continuing to influence trading.