FOMO doesn't see inflation as a problem right now as CPI is steadily increases. The Feds will tighten policies with the help of Job Biden new appointees. This will cause the US stock market to fall further. A hawkish projected FOMO will cause a major bullish move for DXY-If interest are actually raise tomorrow- Powell has hinted this in the past. An immediate increase may cause a drop that may crash the us stock market. Tomorrow is 100% macroeconomics in full effect. DXY just recovered from an overbought resistance level. Right now is too soon to expect a major bearish move. Retail traders will analyze this as a perfect bearish move. The bullish spike will hit all stop losses.
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ALSO, UNEMPLOYMENT IS STILL UNDER 3.9%... JOE BIDEN FINALLY WITHDREW HIS REQUEST FOR COMPANIES TO MANDATE THE VACCINE AND TESTING.... THIS WILL GIVE THE FEDS ANOTHER GREEN LIGHT TO SPIKE INTEREST RATES DESPITE HIGHER INFLATION. JOE BIDEN ADMIN HAS STRESS THAT INFLATION IS ONLY A PROBLEM DUE TO GLOBAL SUPPLY CHAIN ISSUES. THE SPREAD OF OMICRON IS THE CAUSE OF THAT ISSUE. JOE BIDEN PLAN TO AID INFLATION CAN ONLY GO SO FAR. THE US STOCK MARKET IS HEADING LOWER.
Trade closed: target reached
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USDJPY is becoming over bought. Close your positions. Look for sell opportunities for Friday into next week. USDJPY is becoming bullish with the help of macroeconomics
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We will revisit this analysis mid Feb
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TYPO from comment above *USDJPY is becoming BEARISH .