Sasha Singh
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Market doesn't react much to the anticipated news

Since after the Fed first decided for tapering in December investors were looking for another $10 billion tapering in the next fed meeting which was yesterday and Fed announced for further tapering in their bond buying program. I observed the forex market after the news and the market didn’t react much as it used to. My opinion is that investors were already expecting that news and Fed did what was highly anticipated so we can say that there was no surprise and thus the market did not experience a massive rally. Market only reacts when the news is different from what was anticipated. The risk off strengthened Yen, CHF and other safe havens after the news whereas EURUSD was flat. Sell off was seen in GBP and AUD.