07 Tháng bảy 2022, USD/JPY
USDJPY trading plan:
Traders currently expect the Fed to approve another 75-basis-point rate increase at the upcoming July 26-27 meeting as part of what has become a rapid shift in monetary policy. U.S. inflation lodged at 40-year high and policy makers saying they are willing to court an economy-wide recession in order to keep public expectations about inflation in check. After a brutal selloff in global equity markets in the first half of the year, nervous investors are keeping a close watch on central bank actions as they try to assess the impact of aggressive rate hikes on global growth. A 50 basis-point hike would point toward a terminal rate of 3%, while 75 basis points indicated a peak of 3.25% or 3.5%. At 3.5% or above, the likelihood of recession is about 50%.
Investment idea: buy 135.72 and take profit 136.25.