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The Fed might be acting too aggressively

The Fed might be acting too aggressively | 29 June 2022

29 June 2022, USD/JPY

The Fed might be acting too aggressively

USDJPY trading plan:

Fed policymakers promised further rapid interest-rate hikes to bring down high inflation, but pushed back against growing fears among investors and economists that sharply higher borrowing costs will trigger a steep downturn. The Fed earlier this month raised rates by three-quarters of a percentage point -- its biggest rate hike since 1994 -- to a range of 1.5%-1.75% to battle inflation that is at a 40-year high. New York Federal Reserve Bank President John Williams said he sees the need to act decisively to curb inflation. U.S. consumer confidence dropped to a 16-month low in June on worries about inflation, data from the Conference Board showed.

Investment idea: buy 135.55 and take profit 136.30.

David Johnson
Analyst of «FreshForex» company
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