The Federal Reserve restated its intention to cease buying $1.25 trillion of mortgage-backed securities in March and maintained its pledge to keep interest rates near zero for an “extended period,” opening a rift among policy makers for the first time in a year.
EURUSD, on the other hand, after printing the overnight lows at 1.3994. seems to be having buy on dips demand from Corp side  and I think we may have a 1.4005-1.4085 before London gets in. A break of the topside resistance brings a short term possibility of 1.4250 test.
A  clean break of 1.40 by a daily close below 1.4005 today puts more pressure on Euro and with strong momentum on an oversold market positioning suggests a quick drop down to 1.3795-1.3815 area.

It looks like USDJPY at 89.20 and 124.80 in EURJPY held it firmly..USDJPY especially failed to get back into Ichimoku Cloud by not closing below 89.19.. and retraced up to 90.09 overnight highs which is the 55 days SMAVG. I think we may have a 89.55-65 squeeze on the downside but risk is topside now and fancy of 91.00 before 89.20.