XE Market Analysis: Asia – Apr 10, 2019

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The Dollar bounced slightly following the FOMC minutes, which saw the majority of the committee leaving rates on hold for the remainder of 2019, but some seeing scope for a hike later this year should incoming data warrant. USD-JPY bumped up toward 111.00 from 110.85, as EUR-USD dipped to 1.1265 from 1.1275. Earlier in the session, the Greenback was under pressure following tame March CPI data, which saw EUR-USD rally to 1.1278 from 1.1230 lows. USD-JPY bottomed at 110.85, down from 111.28 highs, while USD-CAD hit 1.3307 lows.