04 Mei 2023, USD/JPY
USDJPY trading plan:
Fed Chair Jerome Powell said the central bank still views inflation as too high and that it remains concerned by high price pressures. Because of that, Powell said it's too soon to say the rate-hike cycle is over. "We are prepared to do more" with rate rises if needed, and officials did not decide at the meeting to pause on a rate hike at the June policy meeting, and what happens next on rates is a decision that officials will make on a "meeting-by-meeting" basis, Powell said. He also pushed back on market expectations of rate cuts this year and said they were quite unlikely to come to pass. "We on the committee have a view that inflation is going to come down not so quickly, it will take some time," he said, and "in that world, if that forecast is broadly right, it would not be appropriate to cut rates" this year.
Investment idea: range 134.00 - 134.80.
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