18 April 2022, USD/JPY
USDJPY trading plan:
Japan's core consumer inflation likely accelerated in March from a year earlier but was still well short of the Bank of Japan's price goal. Separate data is expected to show Japan's trade balance remained deep in the red, stoking worries about surging import costs of fuel and commodities, while the yen's weakening to 20-year low past 126 versus the dollar last week adding to the pain. Still, rising headline inflation does not mean the BOJ would rush to unwind its monetary stimulus anytime soon. On the contrary, the central bank is expected to stick with its powerful stimulus for some time given the view that the current cost-push inflation is far from sustainable.
Investment idea: buy 126.33 and take profit 126.85.
en 
cn 
id 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 
