USDJPY has fallen through 122 by around 25 pips as the US wakes up to FOMC Wednesday
USDJPY is just taking on a soft tone as we head into the US session.
USDJPY 15m
On Monday I hinted that we would see the pair find an expectant bid into today, and we've come from the low 120's then up to the current 122.11 high
From here we're more than likely going to go sideways but be prepared to see some quick whippy moves as traders make their last adjustments. I wouldn't expect there to be too much liquidity in most pairs today and that will dwindle further as we roll towards the Fed
