But the key focus in markets today is of course the FOMC meeting decision. Will it be a 25 bps or 50 bps rate cut? That is the question.As things stand, traders are still pricing in ~65% odds of a 50 bps rate cut for today. And therein lies the balance of risks ahead of the Fed policy decision.The US retail sales yesterday helped to see the dollar recover back some ground alongside yields. However, it may end up being just a tentative response on the week. Will the Fed stay true to their communication since Jackson Hole and go with 25 bps? Or will they feel more comfortable in seeking a bit of insurance with a 50 bps move?USD/JPY has already retraced a chunk of its overnight gains, being pus
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