The Japanese Yen market is in decline

Fed Chairman Jerome Powell said at a recent International Monetary Fund research conference that Fed officials are still unsure whether current interest rates are high enough to effectively combat inflation. This suggests further rate hikes may be imminent.
Powell said the Fed aims to keep monetary policy tight enough to reduce inflation to 2% over the long term. However, he expressed uncertainty as to whether this goal had been achieved. He also noted that the Fed may be reaching the limits of its ability to ease price pressures by improving the supply of goods, services and labor. Powell's comments widened the S&P 500's decline, with the index down 0.69% in the previous announcement. The yield on the 10-year U.S. Treasury note rose slightly, most recently at 4.638%. The US dollar index also rose 0.41%.
Market strategists interpreted Powell's comments based on their potential impact. Vasili Serebryakov, a foreign exchange strategist at UBS in New York, believes Powell's comments do not provide significant new information but are viewed by the market as hawkishell

Commento:

GBPJPY SELL 184.91
Tp 184.40
Tp 184.10
SL 185.5