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      USD/JPY break above 103.50 after FOMC minutes

      FXStreet (Córdoba) - The USD/JPY rose above 103.40 and jumped to 103.60, reaching a fresh 4-month high after the release of the FOMC minutes. Stocks pulled back in Wall Street while US government bond yields turned higher on the FED document.

      The US dollar gained momentum across the board as the minutes showed that many Fed officials said that improvements in the job markets might bring rate rise sooner.

      The USD/JPY remains near the highs as Greenback hit fresh highs versus the Euro and the Swiss Franc and is also rising against commodity currencies.

      EUR/USD marginally lower on FOMC

      EUR/USD is trading at 1.3275, down -0.33% on the day, having posted a daily high at 1.3326 and low at 1.3274.
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      GBP/USD hit fresh lows below 1.6600 on slightly hawkish FOMC minutes

      The US dollar gained momentum across the forex market following the FOMC minutes pushing the GBP/USD below 1.6600. The pair hit a fresh 4-month low at 1.6588.
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