Skip to main content

John Carter Markets Analysis: What to Watch Ahead of the FOMC

One of the most reliable correlations we've seen so far this year is the relationship of the yen to US stocks.
  • Author:
  • Publish date:

One of the most reliable correlations we've seen so far this year is the relationship of the yen to US stocks. The yen is getting ready to have a big move, will this be a continuation of the trend or a shift from what we've seen so far? Wednesday's Fed comments will be the deciding factor, but there's a couple of ways to position yourself ahead of the report, I'm looking at some ideas in Currency Yen ETF (FXY) with SPY. A few of our existing positions have taken some heat while the market pulled back. Medtronic is the better of the two, but I'm willing to give each a little more time through FOMC.

Scroll to Continue

TheStreet Recommends