USD/JPY Rally Vulnerable to Wait-and-See BoJ, 7 to 3 FOMC Split

The FOMC's November interest rate decision may fuel the near-term rally in USD/JPY as the central bank appears to be following a similar path to 2015, but more of the same from the BoJ accompanied by another lackluster U.S. NFP report may undermine the recent advance in the exchange rate as it erodes the case for a further deviation in monetary policy.


from DailyFX - Forex Market News https://www.dailyfx.com/forex/fundamental/forecast/weekly/jpy/2016/10/28/USDJPY-Rally-Vulnerable-to-Wait-and-See-BoJ-7-to-3-FOMC-Split.html?DFXfeeds=forex:fundamental:forecast:weekly:jpy