Session Recap: Risk aversion on hawkish FOMC minutes

FXstreet.com (San Francisco) - The market is trading on risk aversion following the FOMC minutes as, according to the release, some Fed officials are considering eventual QE pullback and it has surprised investors with a hawkish tone.

EUR/USD is heading south and trading below 1.3300 level at 1-month lows, the GBP/USD has tested levels not seen since July 2010 and the USD/JPY is trading back close to 93.50 after testing 94.00. The US Dollar Index intensified its intraday upside to 81.16 and the gold is collapsing.

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Forex: USD/JPY shaken by the minutes and tests the 94.00

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