Fed Meeting Minutes Reveal 'Exchange Rate Review' US Dollar Falls Significantly..
According to ChainCatcher News and a Jin10 report, the minutes of the Federal Reserve meeting show that Roberto Perelli, the Fed's Director of Financial Market Operations, indicated at the January meeting that the New York Fed's trading department had conducted an exchange rate check between the US dollar and the Japanese yen, resulting in a significant decline in the dollar's value. Following the release of the minutes, the USD/JPY pair experienced a sharp drop of over 40 pips in a short period, falling to a low of 154.33.
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