We will go into the FED with light positioning.

We keep our LONG USD exposure vs CNH and CHF (traded that around well, re-entered 0.9277)

We keep our Short CROSS-JPY exposure (AUDJPY primarily and NZDJPY).

We CUT GBP LONGS but understand that the charts look constructive and will look for entries.

We have the FED on Wednesday and BOE on Thursday.

Our process is strong, we trust our ability to continuously find opportunities for alpha, so we are comfortable going into these events light.