Forex technical analysis: USDJPY corrects a little as the FOMC decision looms
Trades near highs and above 100 day MA (but below the 200 day MA.
The FOMC decision will be later today (at 2 PM ET/1800 GMT) with the Fed expected to start the balance sheet contraction (). The balance sheet is just one piece. The other important part is the Fed’s expectation on a rate hike