The USD/JPY pair retreated early Thursday, while it still trading within the range nears its highest level in three months. The FOMC decision surprised no one, where the Fed maintained the interest rate between 0.0% and 0.25%.
The FOMC members decided to leave the Operation Twist program unchanged, yet they added downside pressures to the market with the downside revision to growth projections and higher unemployment amid the current European debt crisis.
The Japanese currency recorded some gains against the dollar and other major currencies after the meeting, as the unclear strategy from the Fed about the third round of quantitative easing drove the dollar to fluctuate which helped the yen to be more stabile.
On Friday, the United States of America will release the non-farm payrolls at 12:30 GMT, which is expected to show that the U.S. economy added 100 thousand jobs during the month of October compared with the previous reading of 103 thousand jobs.
Unemployment rate during the month of October is expected to be steady at 9.1%, while the yearly average hourly earnings index had a previous reading of 1.9%.
