USDJPY – Down
USDJPY trading plan:
US consumers are less optimistic than last month that inflation will cool over the next few years, and that’s partly because they anticipate higher gas prices, according the latest survey by the Federal Reserve Bank of New York. The October consumer survey of consumer expectations released shows increases over the short, medium and longer terms. Respondents see prices rising by 5.9% in a year, up by half a percentage point from September. Three years from now, they see prices climbing 3.1%, up from 2.9% a month earlier. The New York Fed survey also tracks household finances and perceptions of the job market. Several of those indicators deteriorated last month – including the probability of losing one’s job and perceptions of credit access.
Investment idea: range 139.75 -140.75.
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