USDJPY Potential Downsides as we approach FOMCHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 133.8 zone, USDJPY is trading in a downtrend and extending pullbacks seems to be approaching the major trend around 133.8 Support and Resistance zone.
Fundamentally the Market is expecting rates cut and fed pivot. more of a dovish Fomc gives us more of a weak Dollar and considering that JPY is considered a safe haven in this type of environment USDJPY shorts should be a perfect catch.
Trade safe, Joe.
