The USD/JPY exchange rate was little changed after the Bank of Japan's interest rate decision announcement.
The Sterling strengthened significantly against the US Dollar, as all the main components of the UK retail sales report showed better-than-expected figures for August.
Previous trading session was significant in the way that the pair made a breakout from a symmetrical triangle.
The USD/JPY exchange rate was little changed after the Bank of Japan's interest rate decision announcement.
The Sterling strengthened significantly against the US Dollar, as all the main components of the UK retail sales report showed better-than-expected figures for August.
As it was expected, the yellow metal failed to return and break above the strong resistance set up by the monthly PP at 1,300.00.
A victory of the Angela Merkel's party in German Parliamentary elections expectedly led to appreciation of the Euro against the American Dollar.
The USD/JPY exchange rate was little changed after the Bank of Japan's interest rate decision announcement.
The Sterling strengthened significantly against the US Dollar, as all the main components of the UK retail sales report showed better-than-expected figures for August.
In line with expectations, the pair made a rebound from the bottom edge of a senior pattern and resumed the surge.
In line with expectations, the currency pair made a fully-fledged rebound from the bottom trend-line of a dominant ascending channel yesterday.
The two-day meeting of the Fed resulted in an overall agreement to keep interest rates unchanged at 1.25%, as widely anticipated.
The Sterling strengthened significantly against the US Dollar, as all the main components of the UK retail sales report showed better-than-expected figures for August.
In result of the Fed's decision the pair managed to relatively easily bypass a psychological barrier, which was located near the 1,300.00 mark.
A decision of the Fed to start reducing the size of its $4.5 trillion asset portfolio led to breakout from the rising wedge pattern and resulted in 125 pips appreciation of the Greenback against the Euro just in one hour.
Yesterday the pair did not make an attemp to test a signifficant suppor, which is located at the 1,300.00 level.
In result of the previous trading session, the pair made an expected breakout from an ascending triangle and confirmed an existence of another pattern.
The US economic reports caused a temporary depreciation of USD/JPY during the Tuesday session.
The Commerce Department revealed that the US building permits rose to the strongest level in seven months over the course of August with the total number of 1.30M permits issued
On Monday, the gold expectedly continued to depreciate against the buck.
The Commerce Department reported that the US retail sales dropped unexpectedly 0.2% over the month of August, missing expectations for a 0.3% increase.
The British Pound depreciated against the Greenback by 49 base points or 0.36% falling further to touch an intraday low at the 1.3483 mark, after the Bank of England's Governor Mark Carney delivered a speech on Monday.
As it was expected, the currency pair did not make any notable moves yesterday because of the pressure from various moving averages as well as the weekly PP.
The Commerce Department reported that the US retail sales dropped unexpectedly 0.2% over the month of August, missing expectations for a 0.3% increase.