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Good news on the inflation front

Good news on the inflation front | 14 August 2023

14 August 2023, USD/JPY

Good news on the inflation front

USDJPY trading plan:

U.S. consumer sentiment dipped in August, but Americans expected inflation to edge lower over the next year and beyond, a fresh survey showed. The University of Michigan's preliminary reading on the overall index of consumer sentiment came in at 71.2 this month compared to 71.6 in July. In general, consumers perceived few material differences in the economic environment from last month, but they saw substantial improvements relative to just three months ago. The survey's reading of one-year inflation expectations slipped to 3.3% this month from 3.4% in July, showing stability for three consecutive months.

Investment idea: range 144.25 -145.25

David Johnson
Analyst of «FreshForex» company
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