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The political football

The political football | 18 January 2023

18 January 2023, USD/JPY

USDJPY trading plan:

Republicans' plan to pay some U.S. debts as they come due but not others is a "recipe for economic catastrophe" that threatens the global economy, the White House said. House Republicans are planning to move a "debt prioritization" measure by the end of March that would call on the U.S. Treasury to continue making only some payments once it reaches the debt ceiling. "This is not a plan, it is a recipe for economic catastrophe," White House press secretary Karine Jean-Pierre told reporters. This is a bad signal for the stock market and USDJPY, which has a correlation with the shares.

Investment idea: sell 131.57 and take profit 130.50.

David Johnson
Analyst of «FreshForex» company
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