There's no hiding place | 20 4月 2023

20 4月 2023, USD/JPY

There's no hiding place

USDJPY trading plan:

Unless congressional agreement is reached, Treasury will run out of cash sometime around June-October, roughly when or just after rates are expected to reach the peak of the most aggressive hiking cycle in 40 years. Congressional brinkmanship over sovereign default is all too common. According to the Treasury, Congress has acted 78 times to permanently raise, temporarily extend, or revise the definition of the debt limit since 1960. What is rare is having that uncertainty coincide with the Federal Reserve cranking up interest rates. The current situation could not be further removed from the last time debt ceiling episodes really spooked markets in 2011 and 2013.

Investment idea: buy 134.29 and take profit 135.00.

David Johnson
Analyst of «FreshForex» company
同意该评论吗?
交易员的评论:
Close
授权
您浏览器禁用cookie 文件. 在此情况下, 私人空间显示不正常. 如何启动cookie 文件的支持.