EUR/USD sits at 1.3690, effectively unchanged from where it closed out Tuesday in North America.

Gotta think main focus today will be the latest FOMC meeting. Precious little on the euro zone data front this morning:

07:00 GMT: German import price index for December expected +1.2% m/m, +10.8% y/y

09:00 GMT: Italian retail sales for November expected +0.1% m/m, +1.5% y/y

Talk of decent-sized 1.2660-1.3720 dnt being in place. Gotta admit first I heard of it today, so 1.3720 now becomes latest option-related hurdle for euro bulls to overcome.