Significant impact on the market today can provide speech Fed Chairman Jerome Powell to the US Congress, scheduled for 17:00 GMT. Especially recommend not to miss it to those who have in their arsenal of trading US currency is clearly claiming to increase volatility. Powell will make a semi-annual report on monetary policy before the House Committee on Financial Services, and a day later before the Senate Banking Committee.
It is expected that he will confirm readiness to reduce its key interest rate despite the fact that the last report on the US labor market has weakened several arguments in favor of the mitigation of haste. The Fed chairman, whose president Donald Trump for months criticized for the fact that the regulator does not reduce the rate, it may repeat the wording of the statement from the June Federal Open Market Committee that the Fed would "act appropriately" to support economic growth. In this scenario, the issue of reduced rates at a meeting on July 30-31 will actually be resolved. US monetary policy prospects will also help to clarify the minutes of the last meeting of the Committee on the US Federal Reserve Open Market, which will be published today at 21:00 GMT.
USDJPY SellLimit 109,10 TP 107,20 SL 109,70
Analytical reviews and comments reflect the personal opinion of the authors and are not a recommendation to trade. Author Artem Deev trader analyst AMarkets