Gate.io Suggested Topics Posting Event: #CPI Data Drops#
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The U.S. March unadjusted CPI year-over-year dropped to 2.4%, down from 2.8% last month and below the 2.6% market expectation. While this signals cooling inflation, the market reaction has been muted.
How will this impact the Fed rate cut expectations and the crypto market? Share your thoughts with #CPIDataComing for a chance to win a $50 reward!
Event Time: April 11, 6:00 AM - April 12, 6:00 AM UTC
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Morgan Stanley raised the target for going long on the yen due to concerns about a U.S. economic recession.
On April 5, Morgan Stanley said that after the announcement of reciprocal tariffs, if economic data weakens and traders believe that the risk of a recession in the United States increases, the yen will rise about 7% against the dollar. Morgan Stanley's team, including Koichi Sugisaki, recommended going long on JPY and adjusted the targets: short USD/JPY at 146.40 with a target of 135 (previously 145) and a stop loss at 151; Short CHF/JPY at 171.30 with a target of 160 and a stop loss at 180.