Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account


DailyFX Home / Video / Daily News Report

USD/JPY Top Trade Potential with FOMC Rate Decision

By , Chief Currency Strategist
01 May 2013 03:10 GMT

Speculation over how far the Federal Reserve will expand its stimulus effort has defined risk taking the global markets. And, the possibility (fear?) that the central bank is at the tipping point in its regime represents a serious threat for assets that have climbed to record highs without the return potential to justify the levels. The risk aversion scenario presents considerable volatility risk and a tremendous opportunity for dollar and yen based crosses. Alternatively, an USDollar Index on the verge of a critical breakdown and reversal shows there is just as much trade potential for the alternative outcome. We discuss this event and its market's implications in today's video.

Expect breakouts? Use the DailyFX Breakout 2 strategy to signal or confirm setups!

01 May 2013 03:10 GMT