10 November 2020, USD/JPY
USDJPY trading plan:
U.S. consumers reported mixed feelings about the labor market in October as the outlook for unemployment improved but the perceived odds of finding new work after losing a job dropped to a six-year low, according to a survey released on Monday by the New York Federal Reserve. Dallas Federal Reserve Bank President Robert Kaplan said that although the U.S. economy is rebounding from a deep contraction, the resurgence of COVID-19 cases poses downside risks. Kaplan's colleague, Cleveland Federal Reserve Bank President Loretta Mester, added that the emergency lending programs set up by the Fed during the pandemic are still needed.
Trading recommendation: range 104.55 -105.50
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