15 Mei 2023, USD/JPY
USDJPY trading plan:
The Federal Reserve is getting interest rates closer to where they need to be to win the battle against inflation, a pair of U.S. central bankers said. Coming a week after Fed policymakers raised their target range for the benchmark rate to 5%-5.25%, the remarks - from Fed Governor Philip Jefferson and St. Louis Fed President James Bullard -- suggest some uncertainty about whether the Fed will in fact pause interest-rate hikes next month, as is widely expected. Inflation by the Fed's preferred measure has eased from 7% last summer to 4.2%. Fed Chair Jerome Powell signaled the central bank may pause further rate hikes as it assesses the impact of its past tightening, as well as the effect of recent bank sector stress on lending and credit.
Investment idea: range 135.50 -136.50.
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