EXNESS - Analytics

    EXNESS

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    The US Federal Reserve meeting minutes could support the USDJPY pair

    Buy on a level breakthrough of 114.87 with 116.35 target. Stop loss = 114.37.

    Reason for the trading strategy

    Today, attention should be paid to the publication of the US macroeconomic data block and the US Federal Reserve meeting minutes for January. The situation in the world's largest economy does not give any reason to consider it sliding into a recession. The cycle of raising the base interest rate in the US will continue after the stabilization of the situation in the financial markets.

     

    USDJPY, H4


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