There is no solution in the Senate | 03 May 2023

03 May 2023, USD/JPY

There is no solution in the Senate

USDJPY trading plan:

Top U.S. Senate Republicans called on President Joe Biden to accept their party's debt-ceiling package or make a counter-offer, while a top Democrat said the Senate might try to advance a "clean" debt-ceiling hike next week. With barely a month to go before a possible catastrophic U.S. default, leaders of both parties hardened their standoff over the $31.4 trillion debt ceiling. Republicans in the Senate said Democrats needed to take seriously Speaker Kevin McCarthy's legislation that passed the House of Representatives along party lines last week. "You've got a choice between accepting the House bill or entering a discussion," Senate Republican leader Mitch McConnell told reporters.

Investment idea: range 135.40 - 136.50.


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.
David Johnson
Analyst of «FreshForex» company
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