Jackson Hole research conference | 26 August 2021

26 August 2021, USD/JPY

Jackson Hole research conference

USDJPY trading plan:

A steady shift in Fed rhetoric since inflation jumped in the spring has now triggered debate about how deep the Fed’s new commitment to jobs truly runs, and how long it will tolerate high inflation as it waits for a “broad and inclusive” rebound in employment. The Fed is actively talking about when to reduce its $120 billion per month emergency bond purchases, and Fed Chair Jerome Powell may discuss that in today remarks to a virtual iteration of its annual Jackson Hole research conference. Fed officials now readily acknowledge inflation may be more persistent than they thought. Moreover, some are lowering expectations of a full rebound to the pre-pandemic level of jobs or labor force participation.

Investment idea: range 109.60 -110.40.

David Johnson
Analyst of «FreshForex» company
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