USD/JPY spiked higher after the release of the FOMC overnight, breaching major resistance levels.

EUR/USD plummeted over the course of an hour from 1.3418 to print a low of 1.3261 on the release of the FOMC.

The EUR/USD was unable to continue its run higher, losing 98 pips to finish at 1.3295. The sharp declines occurred directly after the release of the latest FOMC minutes, which the many analysts deemed as more hawkish than expected.

<a href="http://www.fxstreet.com/technical/currencies-glance/pair.aspx?id=usd/jpy">USD/JPY </a>its on track for a fourth day of gains after breaking through 97.00 in the last few minutes, reaching a new 7-day high at 97.16.<br />

EUR/USD is last trading at 1.3269, near session and fresh weekly lows at 1.3261, posted on the back of FED Bernanke's comments post-FOMC, signaling the end of bond purchases to start as soon as next September. The pair is down -0.56% for the week so far.

The EUR/AUD finished the day with strong gains, climbing another 203 pips to close at 1.4321 (highest daily close since March 16th, 2011)

The <strong><a href="http://www.fxstreet.com/technical/currencies-glance/pair.aspx?id=aud/usd">AUD/USD</a></strong>, after an <strong><a href="http://www.fxstreet.com/news/forex-news/article.aspx?storyid=2640b5c3-0acb-48f3-953c-6769fd538ddf">early push</a></strong> to correct oversold conditions, is now resuming its fall to new lower ground, lowest so far at 0.9240, following a weaker-than-expected HSBC China Manufacturing PMI.