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US Inflation Stays Elevated

US Inflation Stays Elevated | 15 February 2023

15 February 2023, USD/JPY

USDJPY trading plan:

Inflation in America is continuing to come down. Annual inflation was higher than expected at 6.4%, versus a forecast of 6.2% and down slightly from the previous month’s 6.5%. Core annual inflation was 5.6%, compared to an estimate of 5.5%. That’s seven consecutive months of decline in the annual figure, though only barely. The 6.4% reading was the lowest since late 2021 but was down only a shade from the month prior, stoking fears that inflation’s deceleration will be a long, stubborn journey that forces the Federal Reserve to keep rates elevated or even raise them higher.

Investment idea: buy 132.85 and take profit 133.40.

David Johnson
Analyst of «FreshForex» company
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