US FOMC Interest Rates

Fx News Spike Signals by Crazy Cat, 2020/01/29

Report name: US FOMC Interest Rate Decision - Max
Release Time: 14:00 New York time (EST)
Primary currency pair: USD/JPY
Forecast: 1.75
Prior: 1.75
LT1 (Lower Trigger 1): -0.25 [SELL] (means a 25 bp cut)
UT1 (Upper Trigger 1): +0.25 [BUY] (means a 25 bp hike)
Safety: 1

There are 94 estimates, and one economist expects a cut from 1.75% to 1.50%, one economist expects a hike from 1.75% to 2.00%, and 92 economists expect no change this month. The median estimate is 1.75 and the average estimate is 1.75%. One standard deviation is 0.04%.

If they cut to 1.50% or lower ( -0.25 deviation in this case), it would be a great sell signal on USD/JPY. It's not likely to happen but if it does happen, it might be a very good price movement.

If there no change (0.00 deviation as it is expected to happen), it's a no-trade.

If there is a hike from 1.75% to 2.00% ( +0.25 deviation in this case), then USD/JPY may go up but this is not likely to happen but still possible.

As always with the interest rates, be careful as sometimes price actions may be very fast-moving with big reversals.

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