USD/JPY Setup: Hawkish FOMC Hold Scenario

**Pair/Symbol:** USD/JPY With next week's FOMC expected to hold rates but potentially signal a more hawkish stance (based on recent hot CPI data), USD/JPY has room to run higher. Current positioning: USD/JPY at 154.40 after a 3-day consolidation. The pair has strong fundamental support from the US-Japan yield differential (500 bps+) and only BoJ intervention risk capping the upside. **Pre-FOMC setup:** **Entry:** 154.50 **Stop Loss:** 153.80 (technical support, below recent consolidation) **Take Profit 1:** 155.50 (key resistance zone, BoJ watch level) **Take Profit 2:** 156.00 (if BoJ stays quiet) **Risk/Reward:** 1:1.4 to TP1, 1:2.1 to TP2 **Risk management for FOMC:** This trade has binary event risk. If FOMC is dovish, take TP1 quickly on any spike. Cut to half size before the statement. Are you positioned in USD/JPY ahead of FOMC?