The outlook for two more rate | 22 June 2023

22 June 2023, USD/JPY

The outlook for two more rate

USDJPY trading plan:

Further Federal Reserve rate increases are "a pretty good guess" of where the central bank is heading if the economy continues in its current direction, Fed Chair Jerome Powell said in remarks to lawmakers on Capitol Hill. In response to a question late in a three-hour hearing before the House Financial Services Committee, Powell said he would not characterize the Fed's decision last week to hold interest rates steady as a "pause," and noted the fact that a majority of policymakers see two more quarter-point rate increases as likely by the end of the year. This is a positive signal for the U.S. currency.

Investment idea: buy 141.50 and take profit 142.36.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus