24 November 2022, USD/JPY
USDJPY trading plan:
A substantial majority of policymakers at the Federal Reserve's meeting early this month agreed it would "likely soon be appropriate" to slow the pace of interest rate hikes as debate broadened over the implications of the U.S. central bank's rapid tightening of monetary policy, according to the minutes from the session. Fed officials are setting the stage for a more gradual pace of tightening in months ahead, and are expecting to raise rates beyond the levels contemplated in September. This aligns with post-meeting guidance from Chair Powell, and with commentary delivered by a number of policymakers over the last two months.
Investment idea: sell 139.40 and take profit 138.71.
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