The stakes are particularly high for Janet Yellen on Friday, according to Boris Schlossberg of BK Asset Management.
The Japanese yen has been a star performer in 2016, and everyone is wondering where this currency goes next.
JPMorgan has gone short the dollar against the euro and the yen, but don't blame the greenback.
Even a resurgent yen hasn’t dampened Japan’s stock rally over the past couple months, but that’s not necessarily because investors like the market.
The USD/JPY could dip down to 96 levels in the next two months, but will stabilize if the Fed delivers a rate hike, says Westpac Bank's Sean Callow.
Asian markets were mixed on Thursday, with Japanese markets down more than 0.5 percent as USD/JPY at 99 levels.
CNBC's Rick Santelli discusses what is affecting foreign exchange markets at the moment.
Credit Agricole's David Forrester says dollar/yen at 100 levels is an important technical level to buy the pair, which he expects to head higher.
CNBC's Rick Santelli discusses bond prices and yields.
The "Futures Now' team discusses the U.S. dollar, with Jim Iuorio, TJM Institutional Services, and Jeff Kilburg, KKM Financial.