USDJPY – Down
USDJPY trading plan:
Five of the Fed’s districts reported slight or modest increases in overall economic activity over the last several weeks, while six noted no change or slight declines from the previous reporting period, and one cited a significant decline, the U.S. central bank said. The Fed released its latest survey on the health of the economy derived from business contacts nationwide after a slew of recent data raised hopes that too-high inflation is on a sustainable path downwards, with wage increases moderating and a scramble for available workers lessening somewhat. But that is twinned with the cost of such action as the Fed tries to dampen demand across the economy.
Investment idea: sell 128.50 and take profit 127.50.
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