Forex: USD/JPY USD/JPY shaken by the minutes and tests the 94.00

Round trip to the 94.00 resistance. The USD/JPY has been shaken by the hawkish FOMC minutes and following the release, the pair has jumped around 40 pips from 93.60 to break above 93.75 and test the 94.00 level. But USD/JPY was rejected a this level and currently it is trading back at 93.80.

USD/JPY is extending its recovery from today's low at 93.10 reached in the Asian session.

Next Resistances come at 94.00, 94.20 (Feb. 17 high) and 94.40 (Feb. 12 high). Supports come at 93.50, 93.30 and 93.15.

Feb 20, 2013

FOMC Minutes: Some Fed officials consider eventual QE pullback

Minutes of the Fed's January policy meeting showed several officials think the bank should be prepared to vary the pace of its asset purchases, depending on how the economy performs and its analysis of the costs and benefits of the program.

Forex: US Dollar Index keeps pushing higher, around 81.15/20

The US Dollar Index, which tracks the greenback against its major rivals, intensifies its intraday upside after the FOMC minutes have surprised investors with a hawkish tone....