Maybe its because everyone is expecting the rate increase already. if there is no increase or the increase is not as high as most expect, then the JPY pairs are going to go through the roof.
DislikedWhat flies over my head is why is the yen lossing ground to all majors ESPECIALLY when the market is speculating on a 0.25% hike ??
When theres FOMC meetings the dollar gains or consolidates before release, but yen has been lossing ground since tuesday.......Ignored