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Positive macroeconomic statistics from the United States

Positive macroeconomic statistics from the United States | 20 January 2020

20 January 2020, USD/JPY

Positive macroeconomic statistics from the United States

USDJPY trading plan:

A bullish rally in stock markets will have a positive impact on the value of USDJPY. Positive macroeconomic statistics from the United States are forcing investors to increase their positions in the stock market. The Federal Reserve said on Friday that manufacturing production rose 0.2% last month after a downwardly revised 1.0% increase in November. Manufacturing output of food, beverage and tobacco products rose 1.3%, nonmetallic mineral products rose 2.3%, primary metals output rose 1.3%, and computer and electronics products rose 1.4%.

Trading recommendation: Buy 110.09 and take profit 110.39.

David Johnson
Analyst of «FreshForex» company
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