USDJPY – Down
USDJPY trading plan:
U.S. stocks may fall further, and bond yields rise, as the Federal Reserve continues its current round of interest-rate hikes in coming months, according to a fresh analysis published by the San Francisco Fed. Financial conditions have already tightened significantly, starting even before the U.S. central bank began raising interest rates last March to fight 40-year-high inflation, as investors anticipated the Fed’s actions. The Fed follows through on its projections from December for the policy rate to go to 5.1% by May and for inflation to fall to 3.1% by then, the Fed will have delivered the sharpest round of policy tightening on record.
Investment idea: buy 131.85 and take profit 132.55.
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