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USD/JPY could rally after the Fed, but needs more than "just" a rate hike

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Markets are understandably on edge ahead of this afternoon’s historic Federal Reserve meeting, where the Fed is pondering its first interest rate hike in nearly decade. As we noted in our full FOMC preview, there will be plenty of new information for traders to digest between 2:00pm and about 3:30pm ET, when Janet Yellen’s press conference winds down, but regardless of what the US central bank opts to do and say, volatility is likely. Traditionally, the currency pair that tends to have the

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