EUR/USD
EUR/USD fell sharply on Wednesday, as the Federal Reserve observed signs of an improving US labor market and economy in its latest monetary policy statement without offering any indications on whether it could begin hiking interest rates later this fall. EUR/USD traded in a tight range between 1.0970 and 1.1085, before settling at 1.0985 down 0.70% on the session.
GBP/USD
The pound fell sharply against the U.S. dollar on Wednesday, after the Federal Reserve observed signs of an improving U.S. labor market and economy in its latest monetary policy statement without offering any indications on whether it could begin hiking interest rates later this fall. GBP/USD settled up 0.40% to 1.5680.
USD/JPY
The Japanese yen was a tad stronger on Thursday in Asia after stronger than expected industrial output figures and as markets digested the Federal Reserve's language for the timing of a now widely expected rate hike this year, with some speculation it could come as late as December or as early as September.