Traders no longer expect a rate hike of 50-bps by the Fed | 14 March 2023

14 March 2023, USD/JPY

Traders no longer expect a rate hike of 50-bps by the Fed

USDJPY trading plan:

Traders no longer expect a rate hike of 50 basis points by the U.S. Federal Reserve next week as the surprise collapse of lender SVB Financial Group rattles the banking sector. The current projection is for a 25 bps move, with some even expecting no hike at all. That is a quick reversal in expectations after a sharp fall in weekly jobless claims and hawkish commentary from Fed Chair Jerome Powell had prompted traders to see a near 70% chance of a 50-bps rate hike. The Fed also said it would make additional funding available through a new "Bank Term Funding Program", which would offer loans up to one year to depository institutions, backed by Treasuries and other assets these institutions hold.

Investment idea: range 132.50 - 134.00.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Login
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .