USDJPY – Down
USDJPY trading plan:
The Fed is not done bringing down inflation, and they are locked into this aggressive rate-hiking campaign that will only change once we start to see inflation come down. That will obviously come along with deterioration in the labor market and all of these key economic readings we follow. A major factor driving currency markets currently has been changing expectations of how aggressively central banks‘ – particularly the Federal Reserve – will raise interest rates. A key question is whether policymakers will pivot from primarily worrying about inflation to also considering slowing economic growth, and possibly leading to more cautious interest rate hikes.
Investment idea: buy 144.77 and take profit 145.41.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
