Ready for the FOMC meeting? You've got company.
Just about everyone seems to be expecting the same thing from the last
To trade on the meeting, Lien is looking at buying the dollar against the yen. She expects the FOMC meeting to push the dollar a bit lower, creating an opportunity to enter the trade and set up for yen weakness around the upcoming Japanese elections. "Dollar yen will probably end up trickling higher" at that point, she says.
Lien wants to buy the dollar against the yen on a slight pullback to 81.75, setting a stop at 80.75 and a target of 83.25.