USDJPY – Down
USDJPY trading plan:
Kansas City Fed President Esther George said the US central bank had already “done a lot” on raising interest rates while her St. Louis colleague James Bullard backed another 75 basis-point move next month. Bullard, one of the most hawkish policy makers at the US central bank, told that he backed another 75 basis-point increase in September, arguing “we should continue to move expeditiously to a level of the policy rate that will put significant downward pressure on inflation.” Both Bullard and George are voters this year on the rate-setting Federal Open Market Committee, though George has sounded more dovish than Bullard.
Investment idea: buy 136.14 and take profit 136.69.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
