16 Juni 2021, USD/JPY
USDJPY trading plan:
The U.S. central bank is inching toward the start of a long road to normalizing its relationship with the rest of Washington and Wall Street. After spending the past 15 months providing unprecedented help to the federal government and investors via trillions of dollars of bond purchases, it could start preliminary discussions about scaling back that support, although actual steps in that direction are likely still months off. Data on Tuesday showed U.S. retail sales fell more than expected in May, with spending rotating back to services from goods as vaccinations allow Americans to shake off COVID-19 restrictions. But robust demand is outpacing supply, stoking inflation, with several recent readings of inflation gauges - including the producer price index released on Tuesday - signaling rising price pressures.
Investment idea: range 109.50 -110.50.