USDJPY – Down
USDJPY trading plan:
The U.S. central bank, however, stiffened a hawkish monetary policy stance that its officials increasingly believe can succeed in lowering inflation without wrecking the economy or leading to large job losses. Many people went into the Fed meeting expecting a hawkish hold, but it was a more hawkish hold than widely anticipated. Along with another possible rate hike this year, the Fed’s updated projections show significantly tighter rates through 2024 than previously expected. It seems unlikely the BOJ will announce any change of policy tomorrow, or soon for that matter.
Investment idea: buy 148.10 and take profit 148.60.
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