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Negative macroeconomic statistics from Japan

Negative macroeconomic statistics from Japan | 22 November 2019

22 November 2019, USD/JPY

USDJPY trading plan:

Negative macroeconomic statistics from Japan will have a positive impact on the value of the U.S. dollar. Nationwide core CPI rose just 0.4% year-on-year in October, underscoring the challenge the Bank of Japan faces in firing up inflation to its elusive 2% target. Private consumption grew 0.4% in July-September, slowing from a 0.6% increase in the previous quarter, despite stronger demand from households. Heightening fears of recession have prompted calls from ruling party lawmakers for an extra budget including $92 billion in spending to revive growth.

Trading recommendation: Buy 108.56 and take profit 109.22.

TRADE OILS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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