Yellen: Inflation Will Return To Fed 2% Goal Over Time
Yellen: Fed Will Adjust Policy If Outlook Changes Unexpectedly
Yellen: Wouldn't Rule Out Negative Rates In Very Adverse Case
Fed's George: Favours interest rate hike, rates are too low for current economic conditions – BBG
George: Employment strong, wages sluggish – BBG
Asia shares slip, yen near two-week low on BOJ stimulus expectations – RTRS
BOJ will act decisively using its 'ample' tools: Kuroda – RTRS
Oil prices fall on stronger dollar; Russia warns of longer crude glut – RTRS
Dollar holds gains, U.S. data awaited for fresh incentives – RTRS
USD/JPY declined overnight, along with the Nikkei, after it failed once again to break above 109.40 resistance yesterday. The pair started the trading day around 109.05 and fell to a low of 108.70 earlier. Bids are expected at 108.20 and around 107.80, while offers are reported at 109.40 and in front of the 110 level.
EUR/USD remains quiet and the pair traded in a 1.1365-80 range overnight. Support is seen at 1.1360 and 1.13, while resistance lies at 1.1445 and 1.1475. GBP/USD volatility increased yesterday after the BoE meeting, but faded quickly. In Asia, the pair settled in a 1.4425-55 range.
The commodity currencies are weaker against the Dollar. AUD/USD fell from 0.7325 to 0.7285, where it found support for now. NZD/USD declined from 0.6830 to 0.6795 and USD/CAD rallied to 1.2870, up roughly 100 pips from yesterday's low.