06 March 2023, USD/JPY
USDJPY trading plan:
Richmond Federal Reserve Bank President Thomas Barkin said that he could envision a scenario where the central bank pushes the U.S. benchmark policy interest rate to the 5.5%-5.75% range that some in financial markets are now betting it will. "That would suggest inflation was in fact more persistent than a lot of people are forecasting," Barkin told reporters after a talk at the Stanford Institute for Economic Policy Research in which he outlined why he personally worries inflation will be slow to cool, forcing the Fed to raise rates more.
Investment idea: buy 135.36 and take profit 136.04.
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