Not much new from the Fed, so markets shouldn’t be much changed. And they’re not. Aside from some knee-jerk covering of USD shorts after the FOMC statement was released, we’ve not made any new ground.
There sure seems to be some solid interest to buy the dips to 1.3180, so I’d expect a continuation of 1.3180/1.3250 unless Bernanke slips in a plug for QE3 into his press conference. That seems unlikely.
EUR/USD trades now at 1.3205, USD/JPY back to 81.35.