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The Fed holds rates

The Fed holds rates | 07 Juli 2023

07 Juli 2023, USD/JPY

The Fed holds rates

USDJPY trading plan:

Layoffs in the United States nearly halved in June from a month earlier as job cuts in the technology sector fell. Corporate America has taken to laying off a large number of their workforce, as aggressive interest rate hikes by the Federal Reserve to tame inflation have besmirched the United States' economic outlook, stoking fears of a potential recession. Despite the drop in job cuts in the month, layoffs in June were higher than the corresponding month a year earlier, the report said. In fact, June is historically the slowest month on average for announcements. It is also possible that the deep job losses predicted due to inflation and interest rates will not come to pass, particularly as the Fed holds rates.

Investment idea: range 142.80 -143.70

David Johnson
Analyst of «FreshForex» company
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