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Interesting comments by James Bullard

Interesting comments by James Bullard | 21 June 2021

21 June 2021, USD/JPY

Interesting comments by James Bullard

USDJPY trading plan:

St. Louis Federal Reserve bank President James Bullard said he thinks rate increases will begin next year as inflation rises faster than expected. "We were expecting a good year, a good reopening, but this is a bigger year than we were expecting, more inflation than we were expecting, and I think it's natural that we've tilted a little bit more hawkish here to contain inflationary pressures," Bullard said. Bullard's comments "are confirmation on the shift at the Fed, which is now more concerned about upside inflationary pressures. This is a positive signal for the U.S. currency.

Investment idea: buy 109.61 and take profit 109.97.

David Johnson
Analyst of «FreshForex» company
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