The Federal Reserve's aggressive tightening | 23 September 2022

23 September 2022, USD/JPY

USDJPY trading plan:

U.S. 30-year fixed-rate mortgages rose to 6.29%, the highest level since 2008, according to Freddie Mac mortgage market survey. The Federal Reserve's aggressive monetary policy tightening, including a 75-basis point hike announced on Wednesday, has weakened the housing market considerably. The Freddie Mac survey found that 15-year fixed rate mortgages averaged at 5.44% up from 5.21% the week before and 2.15% a year-ago. Impacted by higher rates, house prices are softening, and home sales have decreased. However, the number of homes for sale remains well below normal levels.

Investment idea: buy 142.45 and take profit 143.15.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus