USD/JPY hit an 11-month high at 149.00
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.
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.
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good luck everyone
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