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FOMC policymakers are optimistic about the U.S. economic

FOMC policymakers are optimistic about the U.S. economic | 31 March 2021

31 March 2021, USD/JPY

FOMC policymakers are optimistic about the U.S. economic

USDJPY trading plan:

Atlanta Federal Reserve Bank President Raphael Bostic said he is watching for “upside risks” to the economy’s trajectory. “We could see a burst of activity and performance coming into the summer which could lead us to see even more robust recovery,” Bostic told the Atlanta World Affairs Council. New York Federal Reserve Bank President John Williams said earlier that he too is “optimistic” about the overall economy. “We’re making great strides on the vaccination program,” he told a virtual event organized by the New York Fed. Investors expect a government report due on Friday to show 650,000 jobs added this month. This is a good signal for the stock market and USD JPY, which has a correlation with the shares.

Investment idea: buy 110.55 and take profit 111.00.

David Johnson
Analyst of «FreshForex» company
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