#FOMCMeeting
All eyes today are on the results of the Federal Open Market Committee (FOMC) meeting, an event that drives the markets crazy, especially in anticipation of American interest rate decisions. The currency pair we are focusing on today is USDJPY, as the Japanese yen is very sensitive to any changes in American monetary policy. If interest rates are held steady with a hawkish tone, we might see the dollar rise further against the yen. However, if the statement leans towards easing, the pair could collapse sharply. Liquidity tends to be high during such times, and opportunities are present, but you need to be prepared and know how to handle the news. Don't enter randomly, and pay attention to the candles 5-10 minutes after the news, as the market reveals its true direction then. #Trading #forex #USDJPY #Technical_Analysis #Economy #Currency_Market
All eyes today are on the results of the Federal Open Market Committee (FOMC) meeting, an event that drives the markets crazy, especially in anticipation of American interest rate decisions. The currency pair we are focusing on today is USDJPY, as the Japanese yen is very sensitive to any changes in American monetary policy. If interest rates are held steady with a hawkish tone, we might see the dollar rise further against the yen. However, if the statement leans towards easing, the pair could collapse sharply. Liquidity tends to be high during such times, and opportunities are present, but you need to be prepared and know how to handle the news. Don't enter randomly, and pay attention to the candles 5-10 minutes after the news, as the market reveals its true direction then. #Trading #forex #USDJPY #Technical_Analysis #Economy #Currency_Market