The Fedhawks eventually won the battle over tapering but the latest skirmishes show
doves retaking control. The US dollar weakened after the FOMC minutes while the
pound was the best performer on the day. The USDJPY Premium short from 102.49
hit its final target at 101.00, while 1 of yesterday's 2 USDCHF trades, is
nearing its target. Both of 2 existing GBPUSD longs were helped by today's
release of UK retail sales.Premiumtradesare also inprogress for shorts in NZDUSD and NZDJPY .
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