DislikedIf the Fed cuts, they're most likely to cut by 50 bps, to signal determination, etc. In that case, stocks would likely soar, taking JPY crosses with them. USD/JPY might dip initially, but ultimately look for USD/JPY to move higher, and think the non-JPY pairs would also move higher, leaving us with a bid EUR/USD alongside a bid USD/JPY, and a surging EUR/JPY.
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