USDJPY – Down
USDJPY trading plan:
Further Federal Reserve rate increases are „a pretty good guess“ of where the central bank is heading if the economy continues in its current direction, Fed Chair Jerome Powell said in remarks to lawmakers on Capitol Hill. In response to a question late in a three-hour hearing before the House Financial Services Committee, Powell said he would not characterize the Fed’s decision last week to hold interest rates steady as a „pause,“ and noted the fact that a majority of policymakers see two more quarter-point rate increases as likely by the end of the year. This is a positive signal for the U.S. currency.
Investment idea: buy 141.50 and take profit 142.36.
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