10 Juni 2021, USD/JPY
USDJPY trading plan:
Last month's report showed consumer prices increased by the most in nearly 12 years in April, and that called into question the Federal Reserve's guidance that current inflation pressures would be transitory and thus monetary stimulus should stay in place for some time yet. Investors are looking for CPI to have advanced 0.4% on the month in May, an annual climb of 4.7% for the headline figure. The core figure, which excludes price rises from the volatile food and energy sectors, is seen up 0.4% on the month, 3.4% on the year. This is a positive signal for the dollar!
Investment idea: buy 109.38 and take profit 109.88.