☑️USDJPY: hawkish Fed policy for FX:USDJPY by Viktor_Vladzimirovich

➡️ At the moment, the USDJPY currency pair is trading near the level of 113.400, which is expected to be tested today and the price would go down further.

Fundamentally, the USD is strengthening against the backdrop of comments from the head of the FRS and in the principle of the Fed’s policy, which is planned for the near future.  In the future, a strong dollar should be expected. It is assumed that from January, the Fed will accelerate the pace of winding up the QE asset purchase program to $ 25 billion a month. In this case, if the Fed starts to cut QE and raises interest rates faster than expected, it could raise long-term interest rates, including in Japan. In this case, the strong dollar initiative will be lost. All this will have an impact a little later and at least in the medium term.

Technically, the pair is trading below the range (balance) of 113.400 – 114.320 and the current trend is in favor of sellers. The average calculated sell entry level is 113.400. The rest of the parameters of the deal, as always, are in front of you.

🔔Proposed deal for this tool🔔:

🔴Entry Point – 113.409

⛔️Stop Loss – 114.021

✅Take Profit – 112.184

Thanks for your comments and likes👍


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