01 February 2021, USD/JPY
USDJPY trading plan:
Consumer sentiment in the United States remained largely unchanged in the last half of January from earlier in the month. The sentiment index has shown only relatively small variations since the pandemic started, averaging 81.5 in 2020, and marginally above January's 79.0. Despite continuing job and income disparities, as precautionary motives begin to ease, accumulated savings will spark a significant gain in spending in late 2021. The index of Consumer Expectations, the primary gauge for the future performance of the economy, has jumped among Democrats to 91.8 in January from 68.6 in October, and among Republicans it has plunged to 51.4 in January from 96.4 in October. This is a neutral statistic for the dollar.
Investment idea: range 104.00 -105.00.
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