USD JPY Poised to Rally to 98.53 Following Fed Meeting

The results from the FOMC meeting has triggered a surge in equity markets which is fueling a quick rally in the USD JPY.  Traders are looking for the upside momentum to take this market into the next retracement zone.

News from the FOMC meeting triggered a rally in the equity markets which led to a quick pop to the upside in the USD JPY.  Traders are now looking for this pair to continue the upside momentum and trigger a further rally to the retracement zone at 98.53 to 99.22.