by John Jagerson The majors were pretty tight again today as traders prepared for the FOMC meeting next week. Notably, the USD/JPY broke out above the neckline of an inverted head and shoulders pattern. From a technical perspective, that is quite significant and should be a red flag for us remaining USD/JPY bears to cover or hedge. Across the remaining majors, the USD did not gain significantly and the lack of momentum leads me to feel that the market may have a bearish USD bias at this point. To see the video, click here: http://www.pfxglobal.com/index.php?option=com_content&task=view&id=1402&Itemid=149 (full story)