U.S. interest rates may need to rise

05 May 2021, USD/JPY

U.S. interest rates may need to rise

USDJPY trading plan:

U.S. interest rates may need to rise to prevent the economy from overheating as more of U.S. President Joe Biden’s economic investment programs come on line and boost growth, U.S. Treasury Secretary Janet Yellen said. «It may be that interest rates will have to rise somewhat to make sure that our economy doesn’t overheat, even though the additional spending is relatively small relative to the size of the economy»”, - she said in taped remarks to a virtual event put on by The Atlantic. Yellen said a main goal of Biden’s programs is to help reverse decades of widening economic inequality.

Investment idea: buy 109.10 and take profit 109.40.

David Johnson
Analyst of «FreshForex» company
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