Pip Diddy

Risk aversion was the name of the game during the Asian session, as traders priced in recent bomb threats from North Korea.

European currencies sprang back to action as speeches by ECB head Draghi and U.K. Prime Minister May were on traders’ radars while the Aussie was left eating dust.

Yet another choppy European session as the Greenback took a break. Commodities were in retreat, however, and that apparently weighed on the comdolls.

New Zealand and Japan may have printed top-tier reports today, but Asian session traders were focused on Fed’s rate hike prospects and the upcoming elections.

Fed head Yellen and her fellow FOMC policymakers seemed optimistic that the U.S. can weather the economic headwinds from the hurricanes, setting the date for the runoff and reviving rate hike expectations for December.

Directional movement was in short supply as forex traders waited for the FOMC statement. Even so, comdolls were getting some buyers, especially the Kiwi.

Forex volatility was limited during the Asian session, as traders stay in the sidelines ahead of the much-awaited FOMC statement.

The majors seem to have reached for that extra cup of coffee during the New York trading session as price action was a little more jumpy than usual.

Price action was choppy during the session. Even so, there was some action since GBP and CHF were in a race to the bottom. EUR, meanwhile, found sellers later because of rumors.

The yen lost a couple more pips against its major counterparts while the Greenback saw mixed price action ahead of the September FOMC statement.