USD post FOMC strength to 'peter out'?

It was a very interesting FOMC meeting. during the build up to the event, the market was particularly exuberant pricing in at least 3 cuts before year end. So, it was no surprise the market ended up a little disappointed with chair POWELL'S narrative. The USD initially weakened but strengthend post press conference.

I would suggest a USD long trade was very viable during the Asian session. But I currently find myself in a bit of limbo waiting to see if USD strength will be maintained, or whether the pre press conference narrative will return (weak USD).

If pushed for an opinion, I suspect we are more likely to be going back to a 'short USD' narrative.

Regardless of what the dollar does, the good news is, the S&P continues to be happy, the VIX remains low and the JPY is weak, all in all, my 'risk on bias' remains in tact.

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