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The critical debt-ceiling talks

The critical debt-ceiling talks | 16 May 2023

16 May 2023, USD/JPY

USDJPY trading plan:

President Joe Biden and Republican House of Representatives Speaker Kevin McCarthy prepared for critical debt-ceiling talks, with a little more than two weeks to go before the U.S. government could run short of money to pay its bills. The White House has not ruled out the annual spending caps that Republicans say must accompany any increase in the nation's $31.4 trillion debt limit. Republicans, who control the House, have said they will not vote to raise the debt ceiling unless Democrats agree to sharp spending cuts. Biden's trip will leave little time for the two sides to reach a deal before the U.S. runs out of money to pay its bills, which Treasury officials say could come as soon as June 1.

Investment idea: range 135.30 -136.30.

David Johnson
Analyst of «FreshForex» company
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