USDJPY – Down
USDJPY trading plan:
Americans‘ ability to meet a large unexpected expense was little changed in the New York Federal Reserve’s latest survey on credit issues, even as respondents to the poll said they might need to take on more credit in the coming months. The regional Fed bank said in its latest Credit Access Survey, which was released and details developments for this year, that respondents reported „a slight increase in the subjective financial fragility of U.S. households.“ Those who said they could come up with $2,000 to meet an unexpected expense ebbed slightly to 67.5% for the year, versus 68.2% who said they could do so in 2021. Fed officials are trying to boost the cost of credit to better balance demand with available levels of supply, but that is creating pressure on Americans in the form of much more expensive loans for homes and cars. Fed policy is also expected to drive up unemployment, although the job market has remained resilient so far.
Investment idea: range 141.25 -142.30.
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