USD bulls still cautious, over-reaction to FOMC?

FXStreet (Bali) - The US Dollar was slightly offered along interbank trading in Asia, with players still cautious after comments from Fed official over the weekend.

One of the most relevant headlines crossing the wires this weekend came from Fed's Kocherlakota, who told the WSJ that the Fed had no intentions of any policy shift at last Wednesday's FOMC.

There is a perception in the market, and judging by the USD performance the days following the FOMC, still holds some validity, that the market may have over-reacted to Yellen's bombshell, when she telegraphed a 6-month period between end of taper and the start of rate hikes in the US.