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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.

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.

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