13 December 2022, USD/JPY
USDJPY trading plan:
Japan's November wholesale prices rose 9.3% from a year earlier, data showed, a rate of increase that was almost unchanged from the previous month and showed initial signs of an inflation peak amid easing global commodity prices. It was the 21st consecutive month to show an annual rise in wholesale prices. While food and energy costs continued to rise, the data may offer some relief for Japan's economy, which relies almost entirely on imports for fuel and raw material. The rise in the corporate goods price index, which measures prices that companies charge each other for goods and services, exceeded market forecasts for a 8.9% percent gain but was slightly below the revised 9.4% annual increase seen in October.
Investment idea: buy 137.07 and take profit 137.53.
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