• Steady after closing flat - tight range expected ahead of the FOMC tonight

• Japan remains on holiday, so the USD, risk appetite and UST yields lead

• Three consecutive inside days, with horizontal Tenkan and Kijun lines

• Setup suggests a short term range, though the FOMC may spark a breakout

• Friday's 129.32 low, and last week's 131.25 high are the initial key levels

• Longer term 5, 10 and 21 day, week and month moving averages head higher

• Unusual and powerful bullish signals - 126.26 Kijun line is key support

• Long term target is 135.04/20 monthly highs in February and January 2002

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