The US dollar is slightly bid as the minutes wind down toward the FOMC minutes.
Similar to on Monday what stands out is the inability of cable to rally on good headlines. The post-BOE minutes bounce is nearly erased as the pair bleeds to 1.6620.
USD/JPY is the other spot where the US dollar bulls are chomping at the bit as the pair flirts with the 103.40 session high.
The problem is: The more you think about the FOMC, the less you want to hold onto any trade because Yellen will be delivering a speech in less than 48 hours.
