USDJPY – Down
USDJPY trading plan:
The Federal Reserve looks on track to extend its aggressive interest-rate hikes even further than previously anticipated after another red-hot inflation report dimmed hopes for a downshift by year’s end. Investors responded to higher-than-expected readings on US core consumer prices by hardening bets the Fed would raise rates by 75 basis points at its meeting next month and in December. Futures pricing also showed for the first time that markets see rates approaching 5% next year. Thursday’s report showed high inflation in the services sector, with medical care and shelter costs rising substantially.
Investment idea: buy 146.99 and take profit 147.50.
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