15 Marzo 2022, USD/JPY
USDJPY trading plan:
U.S. consumers upped their outlook for where inflation will be a year from now and in three years’ time, and they expect to spend substantially more on food, gas and rent in the next 12 months, according to a survey released by the New York Federal Reserve. Expectations for where inflation will be in one year increased to 6.0% in February from 5.8% in January, returning to the high reached in November for the survey, which was launched in 2013. Expectations for inflation three years out rose to a median of 3.8% from 3.5%, remaining below the levels seen in November and December of last year. The rise in inflation expectations reverses some of the declines seen in January. U.S. households are coping with the fastest pace of price increases in 40 years and policymakers are watching closely to see if the shock leads to higher inflation expectations, which could fuel further price hikes, or if consumers largely view the surge in prices as temporary. While near-term inflation expectations have soared, consumers' longer-term expectations have so far been less affected.
Investment idea: range 117.44 -118.35