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The most aggressive series of the Fed

The most aggressive series of the Fed | 28 July 2022

28 July 2022, USD/JPY

The most aggressive series of the Fed

USDJPY trading plan:

Federal Reserve Chair Jerome Powell said he did not believe the U.S. economy is currently in a recession but it is softening and the path for the Fed to avoid a recession continues to narrow. Another "unusually large" increase in interest rates may be appropriate at the Federal Reserve's September meeting, but the decision will be determined by the incoming economic data between now and then, Fed Chair Jerome Powell said. The Fed's decision about whether to deliver a third straight 75 basis point increase - or something different - will be guided by whether they see firm evidence of inflation beginning to abate, Powell said at a press conference following the central bank's latest two-day policy meeting.

Investment idea: sell 136.00 and take profit 135.00.

David Johnson
Analyst of «FreshForex» company
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