Yes, I trade it on occasion. 112.7 and lower is to be expected, since the Fed is apparently going to cut interest rates. On the contrary, the Bank of Japan is leaning towards increasing their rates. RIP, USD/JPY carry trade.
1490-1500 resistance zone, I liked the chart spacing from that site, just added red and green solid lines. 1490-1500 resistance zone as 6 trading session tic away for FED decision.
if you could get a price discount before a FED meeting of 34 points below the closest resistance level, would MM's take it? 1490-1456 = 34 points. Lets see what happens.
overflowing bearish sentiment has me short term bullish....lo 50`s were a nice scalp last night. 99.50....to....50.25 was close enough to 10 rule X 5.....fwiw...... these are certainly fun markets to trade for a switch hitter.