Ahead of the FOMC meeting, I'm eyeing a potential downswing for USDJPY. With so many rumors and (potential) market sentiment pointing towards a recession, the USD may very well show some signs of weakness against JPY (with the stochastic signals on the daily time frame showing an "overbought" region). I'm taking a very short term approach to this trade, as this is before the FOMC. If it does continue its downtrend during and afterwards, then I'll hop back in. Tell me what are your initial thoughts about this trade and the FOMC in the comments below.