Positive macroeconomic statistics from the United States | 28 Enero 2022

28 Enero 2022, USD/JPY

Positive macroeconomic statistics from the United States

USDJPY trading plan:

U.S. economy accelerated in the fourth quarter, growing 6.9% -- the fastest rate since 1984. In its latest policy update on Wednesday, the Fed indicated it was likely to raise U.S. interest rates in March, as widely expected, and reaffirmed plans to end its pandemic-era bond purchases that month before launching a significant reduction in its asset holdings. Fed funds futures showed traders pricing in as many as five rate increases by December, after previously fully pricing for four. Expectations of Fed tightening sent the policy-sensitive U.S. two-year yield to 1.208%, a level last reached in February 2020. This is a positive signal for the dollar.

Investment idea: buy 115.15 and take profit 115.69.

David Johnson
Analyst of «FreshForex» company
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