USD/JPY has fallen to fresh New York lows at 93.26 after a new round of sales at the 15:00 GMT fixing. 93.24 was the London low and 93.16 the Tokyo low. The market is nursing longs taken earlier in the session after upbeat US retail sales data, if not earlier.
The dollar has taken on an easier tone across the board after Bernanke reiterated the “extended period” language used by the FOMC. EUR/USD is at 1.3655 and cable is at session highs of 1.5475. 1.5485 is next technical resistance.
