The dollar has remained in a consolidation after pulling back from recent trend highs. EUR-USD has remained settled in the upper 1.1900s after posting a new four-month low at 1.1937 on Wednesday. Rebound gains above 1.2000 have so far proved fleeting. USD-JPY has settled to an orbit of the 109.00 level after correcting from the 11-week high seen yesterday at 110.03. The move reflects a broader correction in the dollar following the less hawkish than anticipated post-FOMC meeting statement from the Fed on Wednesday and a position-trimming and/or hedging dynamic ahead of the U.S.
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