FOMC is going to release its short-term interest rate decision today and most analysts agree that FOMC will keep current rates unchanged especially after the series of worse than expected economic data during the past few weeks, including but not limited to housing, employment, and retail sales.

FOMC is going to release its short-term interest rate decision today and most analysts agree that FOMC will keep current rates unchanged until at least Q3 or Q4 of this year, if not 2011, despite of recent positive economic releases in the Housing, Employment, and Retail sectors. 

2:15pm (NY Time) US FOMC Rate Decision Forecast 0.25% Previous 0.25%
ACTION: USD/JPY BUY 0.50% SELL <0.25%

FOMC is going to release its short-term interest rate decision and mosts analysts agree that FOMC will keep current rates unchanged until at least Q3 or Q4 of this year, if not 2011. Federal Reserve needs more economic data to justify a surprise hike in the interest rate, and judging from the past 3 months of NFP releases, we are not quite yet there. 

2:15pm (NY Time) US FOMC Rate Decision     Forecast 0.25%  Previous 0.25%
ACTION: USD/JPY       BUY 0.50%    SELL <0.25%

FOMC is going to release its short-term interest rate decision for the first time in 2010 and mosts analysts agree that FOMC will keep current rates unchanged until Q3 or Q4 of this year, if not 2011.  As the Federal Reserve may need more economic data to justify a surprise hike in the interest rate, this rate decision will probably go as expected (or unchanged).