The Asian session saw quiet trade, with the G10 currencies maintaining their recent trading ranges as the market awaits today’s FOMC decision. Equity markets continued to trade on the firmer side, which was a supportive factor for the JPY crosses and the commodities bloc currencies, although the market lacked the ambition to significantly test the range extremes. The BoJ left rates steady at 0.1%, but decided to raise its annual bond purchase, which was effectively a move to quantitative easing. The reaction was muted, with USD/JPY trading close to 98.50, while EUR/JPY remained supported in the mid 128’s and AUD/JPY held above the 65.00 handle. AUD/USD continued to probe topside levels, but was unable to overcome good size offers from 0.6630 up to 0.6660. Elsewhere, spot gold traded on an easier footing, with another Wall Street rally unwinding some of its safe haven bid and encouraging profit taking by end users. Oil trimmed gains and fell below $49 bbl as profit taking capped after yesterday’s large build in U.S. crude stocks weighed.