EUR/USD Consolidates Under 1.31; EUR/JPY Surges on with 111.40 in Sight

Pre-FOMC drift, post-FOMC consolidation: The previous EUR/USD update noted the EUR/USD’s rally ahead of today’s (12/12) FOMC and Bernanke risk events. However as Bernanke took to answering questions during, we saw the pre-FOMC drift hit a wall. Post-Fomc and Bernanke, the euro-us dollar was unable…

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EUR/USD Consolidates Under 1.31; EUR/JPY Surges on with 111.40 in Sight

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