07 January 2021, USD/JPY
USDJPY trading plan:
The responses to the Open Market Desk surveys of dealers and market participants suggested that views on the most likely timing of the next increase in the target range for the federal funds rate coalesced further around the first half of 2024. Survey responses continued to indicate median expectations of headline personal consumption expenditures inflation above 2 percent and an unemployment rate of around 4 percent at the time of the first increase in the target range for the federal funds rate. Median Desk survey responses continued to suggest expectations that purchases would begin to slow in the first half of 2022 and cease altogether in 2023. This is a good signal for the stock market and USDJPY, which has a correlation with the shares.
Investment idea: Buy 102.70 and take profit 103.10.