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Low inflation in Japan

Low inflation in Japan | 20 August 2021

20 August 2021, USD/JPY

USDJPY trading plan:

Japan's core consumer price index, which includes oil but excludes fresh food prices, fell 0.2% in July from a year earlier, marking the 12th straight month of declines, government data showed. Prices of refrigerators and air conditioners, as well as accommodation fees, also rose in a sign some households were keen to spend after hunkering down during repeated stop-and-go state of emergency curbs. But the pent-up demand is still too weak for companies to pass on rising costs to households as aggressively as their counterparts in western economies, analysts say.

Investment idea: buy 109.55 and take profit 110.10.

David Johnson
Analyst of «FreshForex» company
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