Both meetings of the FED and the BOJ are on the same date, September 21, 2016. During the last meeting the Japan's bank disappointed investors and the yen got stronger. Now with the stronger dollar, may start to go up, but both meeting would certainly cause high volatility. Hedging the position in the pair during the meetings might be an option. There is a nicely visible triangle, down trend, but break of the triangle will give the future path of the pair, based on both meetings, as the markets decides.
With ECB left rates unchanged and FED pushing the rate later on in the year, now the BOJ is left to make the first move.
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