The Fed's campaign is in fact working | 03 Abril 2023
03 Abril 2023, USD/JPY
USDJPY trading plan:
The personal consumption expenditures price index increased 0.3% last month after accelerating 0.6% in January. In the 12 months through February, the PCE price index advanced 5.0% after rising 5.3% in January. Excluding food and energy, the PCE price index climbed 0.3% after increasing 0.5% in January. The core PCE price index rose 4.6% year-on-year after gaining 4.7% in January. The Fed tracks the PCE price indexes for its 2% inflation target. The two-year U.S. Treasury yield was up 1.1 basis points at 4.11%. This is a positive signal for the dollar.
Investment idea: buy 133.35 and take profit 134.11.
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.
