Yes — YES!!! And the great thing is that it is not priced into the USDJPY yet. (As far as I can tell). This is my post earlier today on another board, but I think it answers your question perfectly... "This market has already baked in a 50 ...
I think you're wrong...here's why — This market has already baked in a 50 basis point cut. Up until early last week, the Fed was hinting at no cut at all. With the Dow slipping under 13K, they finally acquiesced (sp?) and started to hint that ...