Pip Diddy

An optimistic BOJ statement helped Asian session traders shrug off risk aversion from the previous session.

Dollar strength was still the name of the game for the most part of the U.S. session as traders adjusted their positions to be in sync with the Fed’s policy bias.

The pound was under the spotlight, thanks to the BOE’s surprise vote. However, the pound was initially on the hot seat, due to the U.K.’s disappointing retail sales report.

With the FOMC statement now in the rear view mirror, Asian session forex traders were able to pay attention to today’s data releases.

The dollar was off to a downbeat start after CPI and retail sales figures all came in the red before the FOMC took center stage.

Tight trading conditions persisted but AUD and GBP pairs were on the move during the session. What moved them? Well, read on and find out.

Not even China’s data dump was able to fire up volatility ahead of the FOMC’s awaited policy decision.

Signs that U.K. PM May can be able to strike a coalition deal with the DUP lifted the pound while the Greenback drew support from a rebound in U.S. equities.

The pound found some buyers, thanks to the most recent CPI report. The Aussie, meanwhile, apparently got dragged down by the commodities rout.

The lack of fresh catalysts didn’t stop the Aussie, Loonie, and the Greenback from snagging pips across the board.