29 June 2023, USD/JPY
USDJPY trading plan:
The Fed will hold four more policy meetings this year, with the next one on July 25-26. "We made this decision in light of the distance we have come in tightening policy, the uncertain lags in monetary policy, and the potential headwinds from credit tightening," Powell said. Rate hikes to date have slowed business investment and the housing sector, where activity is far below its peak last year even as some indicators have recently turned up, Powell said. It will take time for the rest of the economy to feel the full impact of rate hikes to date, he said.
Investment idea: buy 144.09 and take profit 144.80.
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