Fed pledged to keep rates at least the end of 2023 | 17 سبتمبر 2020
17 سبتمبر 2020, USD/JPY
USDJPY trading plan:
At its policy meeting, the Fed pledged to keep rates near zero until at least the end of 2023 when the labor market reaches "maximum employment" and inflation is on track to "moderately exceed" the 2% inflation target. Federal Reserve will increase its holdings of Treasury securities and agency mortgage-backed securities at least at the current pace to sustain smooth market functioning and help foster accommodative financial conditions, thereby supporting the flow of credit to households and businesses. This is a negative signal for the U.S. currency.
Trading recommendation: Sell 104.90 and take profit 104.55.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
