28 Tháng mười hai 2021, USD/JPY
USDJPY trading plan:
The yen retreated to a near one-month low to the dollar as safe-havens fell out of favour after Wall Street's rally to a record high consigned Omicron concerns to the background. The SP500 ended at a record high on Monday after strong U.S. retail sales data eased worries that the highly infectious Omicron coronavirus variant would scupper the economic recovery. Money markets are pricing better than 50% odds for a first quarter-point rate hike by March and are close to fully priced for three increases by December 2022 after Fed officials signalled a faster pace of tightening at their policy meeting this month. The fact that U.S. equities rallied despite expectations for faster Fed tightening implies that currently investor risk appetite must be very, very strong. This is a positive signal for USDJPY.
Investment idea: buy 114.69 and take profit 115.15.