I am considering transferring a larger sum of USD to JPY, but I am unsure about the timing.
With the US Federal Reserve scheduled to announce new interest rates on Sep.17th and with the general notion that interest rates will get cut, can I assume that the JPY will gain on the USD. In other words the USD will weaken against the JPY, because US interest rates will go down.
If that is the case I would like to transfer my USD to JPY prior to the Feds announcement on Sep.17th.
Or is my logic off?
Any insight and thoughts on this matter would be appreciated. Thx.
by Evilryu007