USDJPY – Down
USDJPY trading plan:
U.S. retail sales increased more than expected in October as households stepped up purchases of motor vehicles and a range of other goods, suggesting consumer spending picked up early in the fourth quarter, which could help to support the economy. Retail sales rose 1.3% last month after being unchanged in September. Sales increased 8.3% on a year-on-year basis in October. The National Retail Federation is forecasting holiday sales will grow between 6% and 8% this year. While that would be a step down from the 13.5% notched in 2021, it would be well above the 4.9% average over the past 10 years.
Investment idea: buy 138.90 and take profit 139.55.
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