USD/JPY sits near multi-day high, comfortably above 114.00 mark ahead of FOMC By HareshMenghani USDJPY RiskAppetite Fed Majors Currencies
A strong recovery in the risk sentiment undermined the safe-haven JPY and extended support.The focus remains on the outcome of a two-day FOMC meeting, due later during the US session.maintained its bid tone heading into the North American session and was last seen trading around the 114.20 region, or a near one-week high.
Despite rising geopolitical risks, a strong recovery in the global risk sentiment – as depicted by a generally positive tone around the equity markets – undermined the safe-haven Japanese yen. Apart from this, modest US dollar strength extended additional support to the USD/JPY pair and remained supportive of the positive momentum.