USD/JPY hit an 11-month high at 149.00

Sep 26, 2023

As widely expected in the market, the Federal Reserve (Fed) chose to maintain interest rates in the 5.25-5.50% range during its meeting on Wednesday. This decision creates an opportunity for USD JPY to continue to shine. However, Fed Chairman Jerome Powell, in a subsequent press conference, reiterated the Fed's commitment to achieving its 2% inflation target. Powell also mentioned that the Fed is ready to raise interest rates if necessary, posing a new challenge to USD JPY and asking for cautious movements in this currency pair.

Technically gold is in an uptrend and this pair has created a large candle at 149.08. It is expected to adjust at least to the regulatory level and then decrease to the regulatory level.

Sep 26, 2023

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good luck everyone

Sep 28, 2023

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Oct 2, 2023

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