Important events today:

12:30 UTC – US: change in non-farm payroll employment for August.

Japanese households have stopped saving, which has triggered retail sales to hit a new high, with growth on a fairly broad front, from food to expensive cars. For the Japanese Central Bank, the fresh statistics on retail sales creates difficulties: “hawks” have seen hints on the persistence of high inflation, while “doves” will insist that the trend is temporary and we will see a decline in consumption in the fall.

In general, there is a consensus in the market that further weakening of the yen will provoke a new wave of inflation growth, so the Central Bank of Japan needs to enter the market with interventions, but the Japanese regulator in the past has intervened when the exchange rate showed an excessive fall, but now this is not happening, so traders still have time to “accelerate” USDJPY quotes upwards.

Recommendations: Buy 145.40/145.10 and TP 146.40.