11 Enero 2022, USD/JPY
USDJPY trading plan:
The Federal Reserve is ready to cut back its holdings of more than $8 trillion of bonds. The Fed first started using large-scale asset purchases - also called quantitative easing, or QE - during the 2007-2009 financial crisis. The central bank finally started the shrinkage in 2018, allowing a certain number of bonds to mature each month without the repaid principal being reinvested in new securities, a process that became known as quantitative tightening, or QT. About $650 billion of bonds had rolled off the Fed's portfolio by September 2019 when it was forced to abruptly stop QT after a key short-term credit market went haywire and it became evident that too much money had been drained from the system. The Fed had amassed roughly $8.3 trillion of bonds, and the yield on the 10-year U.S. Treasury note, influential for rates on everything from car loans to home mortgages, had fallen from above 4% to well below 1.7%. The reduction of dollar liquidity will have a positive impact on the exchange rate of the U.S. currency.
Investment idea: buy 115.09 and take profit 115.62.