XE Market Analysis: North America – Sep 19, 2017

The dollar has traded mixed into the New York interbank open and into the start of the two-day FOMC, posting fresh highs versus the yen and Swiss franc, firming against the pound, while seeing new lows against the euro and Australian dollar. This partly reflects that markets have low expectations from the Fed with regard to tightening guidance, anticipating the central bank to announce the start of a gradual process to unwind its balance sheet, but not much beyond that. USD-JPY clocked a new two-month high at 111.88 before settling lower.