XE Market Analysis: Asia – Sep 14, 2015

The dollar was mostly lower in what was a relatively quiet Monday session in N.Y.. Major dollar pairings were range bound overall, as a lack of data, and proximity to Thursday’s FOMC announcement kept the market in check. Wall Street lost ground following a negative China performance overnight, though yields bounced from lows, despite stock market weakness, likely a function of the upcoming FOMC meeting. EUR-USD ranged between 1.1284 and 1.1321, spending most of its time on the 1.13 handle, while USD-JPY edged into support at 119.80, basing at 119.86.