Intraday Market Thoughts

Fed hawkish on semantics, but yen gets last word

by Ashraf Laidi
Jan 28, 2015 22:50

USD rallied against all FX with the exception of the Japanese yen-- the overall winner following today's release of the FOMC statement, which can be best summed up as less dovish than expected, or slightly more hawkish than anticipated. The resulting declines in the stock market – 195 pt loss in the Dow meant a 2.75% decline in two days, which is the biggest back-to back drop since February 2014. Full charts & analysis.


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