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USDJPY PRE FOMC Outlook

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 27, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Today's focus is on FOMC meeting and that is the reason why the market has been calm all day long. We should expect FED to focus on China slowdown, market volatility and weak US data. At the present FED could probably take a pass on policy and mention "patience". There are 2 possible scenarios: Hawkish scenario would be mentioning another rate hike soon (March) and if the FED skips any mention of raising rate hikes and takes on weak US data in the statement addressing both global and GDP

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