Hawkish US Federal Reserve | 21 September 2023

21 September 2023, USD/JPY

Hawkish US Federal Reserve

USDJPY trading plan:

The U.S. central bank, however, stiffened a hawkish monetary policy stance that its officials increasingly believe can succeed in lowering inflation without wrecking the economy or leading to large job losses. Many people went into the Fed meeting expecting a hawkish hold, but it was a more hawkish hold than widely anticipated. Along with another possible rate hike this year, the Fed's updated projections show significantly tighter rates through 2024 than previously expected. It seems unlikely the BOJ will announce any change of policy tomorrow, or soon for that matter.

Investment idea: buy 148.10 and take profit 148.60.

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