Dollar yen got a bit nervy in the seconds leading up to the release, falling to 98.06 but then found it’s stride and has pooped up to 98.50, The euro popped to 1.3785 then dropped to 1.3728. Cable has fallen to 1.6025 but has held ahead of support at 1.6020.
Having done a quick text comparison from last months meeting there’s nothing of note between the texts so it’s business as usual. Nothing on the shutdown or Washington shenanigans and Like I said in my preview they may use this card at a later stage like next month.
Update: There was one comment omitted which was;
but the tightening of financial conditions observed in recent months, if sustained, could slow the pace of improvement in the economy and labor market (September minutes)
I think the market is looking for excuses if they’re buying on that comment being left out.
h/t Yohay
