#usdjpy
🇺🇸🇯🇵USD/JPY hits a 6-year high and is being quoted at 118.00.
☝️The U.S. Consumer Price Index (CPI) rose 7.9% annually in February, the first time in 40 years, according to data released Thursday. Market participants expect that high inflation will force the Fed to tighten monetary policy and raise rates at a meeting to be held this week. In this scenario, the growth of the dollar will continue.
📋The Bank of Japan, in turn, will hold its meeting on Friday. However, unlike the Fed, the Japanese regulator does not plan to revise the national monetary policy in any way.
📈With that said, USD/JPY could hit 120.00🚀
💥@CryptoTopProfits💥
🇺🇸🇯🇵USD/JPY hits a 6-year high and is being quoted at 118.00.
☝️The U.S. Consumer Price Index (CPI) rose 7.9% annually in February, the first time in 40 years, according to data released Thursday. Market participants expect that high inflation will force the Fed to tighten monetary policy and raise rates at a meeting to be held this week. In this scenario, the growth of the dollar will continue.
📋The Bank of Japan, in turn, will hold its meeting on Friday. However, unlike the Fed, the Japanese regulator does not plan to revise the national monetary policy in any way.
📈With that said, USD/JPY could hit 120.00🚀
💥@CryptoTopProfits💥