USDJPY – Down
USDJPY trading plan:
U.S. consumer confidence rebounded more than expected in August after three straight monthly declines, with vacation intentions rising to an eight-month high, a potential positive signal for consumer spending. The Conference Board said its consumer confidence index rose to 103.2 this month from 95.3 in July. The survey’s present situation index, based on consumers‘ assessment of current business and labor market conditions, climbed to 145.4 from 139.7 in July. Its expectations index, based on consumers‘ short-term outlook for income, business and labor market conditions, increased to 75.1 from 65.6 last month.
Investment idea: buy 138.15 and take profit 138.88.
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