Open trading account 
he Federal Reserve is gearing up to raise interest rates for the first time in 2017 and instead rising, U.S. yields fell, dragging USD/JPY down with it. However the dollar did not fall against other major currencies – instead it appreciated versus EUR, GBP, AUD, NZD and CAD. This price action tells us that today’s move in bonds and USD/JPY is a function of profit taking ahead of the most important event risk of the month and the quarter. The market has completely priced in a rate hike tomorrow and the only surprise would be if the Federal Reserve decided to keep rates steady – which is highly unlikely.
From bkassetmanagement.com
From bkassetmanagement.com
