The Fed didn’t deliver anything to get excited about and that sparked a a bit of US dollar selling after the FOMC decision but once again, traders have surveyed the world for somewhere better to put their money and have come up empty.
So it’s back to the US dollar and less than 24-hours after the FOMC, the buck is roaring again. USD/JPY has been quiet for the past two weeks but it’s edging toward the upside of its recent range and the wedge that’s been capping moves.
Trading it is the same playbook. You try and get a good level and hang on for dear life because once the train leaves the station on these USD moves, it doesn’t stop to pick up more passengers.
Was buying USD before it was cool
