The Fed is widely expected to sit down on its hands in the interim, so traders are keen to search out out when the subsequent policy moves may be.
Our Event Guide for the January FOMC Decision points out that several FOMC members have been calling for a more measured approach to easing, given the newest economic improvements.
Take a look at these potential breakouts on USD/JPY and USD/CAD if the Fed shifts to a more hawkish stance this week.
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