The dollar recovered some of the ground it lost following the U.S. CPI miss and in the wake of the Fed’s post-policy meeting statement yesterday. EUR-USD has ebbed into the lower 1.18s. USD-JPY clocked a rebound high of 1.1288 after logging a logging a five-session low of 1.1246 in Tokyo trade. The high is still nearly 50 pips below the levels prevailing just ahead of the release of U.S. CPI data yesterday. EUR-USD also remained about a big figure down on its pre-U.S. CPI levels.
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