08 September 2022, USD/JPY
USDJPY trading plan:
Federal Reserve officials said they still aren't convinced the worst of the U.S. inflation scare has passed, in comments that teed up a continuation of the central bank's aggressive interest rate increases. "We are in this for as long as it takes to get inflation down," Fed Vice Chair Lael Brainard said in an address to a banking conference, echoing past comments by officials from other central banks to do "whatever it takes" to protect their economies. The chief risk now, Brainard and others said remains the worst outbreak of inflation since the 1980s. In its most recent "Beige Book" compendium of reports about the economy, the Fed noted widespread signs that economic activity was weakening, and "some degree of moderation" of price increases in certain parts of the country. But overall "most contacts expected price pressures to persist at least through the end of the year," the Fed said in its report.
Investment idea: buy 142.90 and take profit 143.50.
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