09 tháng Ba 2023, USD/JPY
USDJPY trading plan:
Powell said that the Fed will likely need to raise interest rates more than expected in response to recent strong data and is prepared to move in larger steps if the "totality" of incoming information suggests tougher measures are needed to control inflation. That prompted traders to reprice their rate expectations. Fed funds futures traders now see a 66% probability of a 50 basis-point hike at the Fed’s March 21-22 meeting, up from around 22% before Powell spoke on Tuesday. The rate is now expected to peak at 5.62% in September. This is a positive signal for the dollar.
Investment idea: buy 136.33 and take profit 136.90.
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