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Daily FX Market Commentary
Good morning, LMAX Close USDJPY 123.247 | EURUSD 1.10887 | AUDUSD 0.72695 | NZDUSD 0.66121 | USDCAD 1.30383 | USDCHF 0.9628 | GBPUSD 1.55587 |  Interbank Ranges as of 6am London time Highs   Lows USD/JPY              123.60 | 123.07 EUR/USD            1.1099 | 1.1072 EUR/JPY              136.90 | 136.51 AUD/USD           0.7321 | 0.7257 NZD/USD            0.6676 | […]
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A Story of Pre-FOMC Positioning
The FX market has been in profit taking mode these past few sessions, with the price action mostly attributed to pre-FOMC positioning. Still, there have been other developments driving trade, with an upbeat German business climate reading and some disc…