GBP/JPY: A Bit Choppy

There was a lot of indecision in the FX markets yesterday, with very little in terms of strong momentum. The Dollar did, however, pull-back from some recent lows, possibly encouraged by easing crude prices, which dipped below $70 per barrel. The Dollar index was up 14 points on the day, as traders await Wednesday's Fed meeting. It is very likely that this month's commentary will be the biggest event of the week. A hawkish tone may provide some help to the beleaguered Dollar, and imply that another hike is due in June. Read More....