USDJPY – Down
USDJPY trading plan:
Chicago Fed President Charles Evans said that the pace of increases is likely to slow, but added that the U.S. central bank will likely need to raise borrowing costs to a „slightly higher“ peak than envisioned in forecasts from September. Richmond Fed President Thomas Barkin also said the United States is likely in a sustained period in which there will remain a shortage of workers, complicating the Fed’s aim of getting labor demand back into balance. Data showed that inflation is moderating, with the personal consumption expenditures price index rising 0.3% after advancing by the same margin in September. In the 12 months through October, the PCE price index increased 6.0% after advancing 6.3% in September.
Investment idea: range 134.50 – 135.60.
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