Dollar is in bad shape after soft U.S. inflation data nL1N3340H6

FX traders focus switches to the looming Fed decision nL1N33409I

USD/JPY has dropped from 135.73 to hit 134.53, Wednesday, according to EBS

The recent failure above 137.94 Fibo should see a bigger drop nL1N3340FG

137.94 Fibo: 23.6% of 151.94 to 133.62 (Oct to Dec) drop

USD/JPY and EUR/JPY see daily closes in same direction more often than not

30/60-day log correlation between USD/JPY and EUR/JPY both above +0.50