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Negative macroeconomic statistics from the United States

Negative macroeconomic statistics from the United States | 03 April 2020

03 April 2020, USD/JPY

Negative macroeconomic statistics from the United States

USDJPY trading plan:

The number of Americans filing claims for unemployment benefits shot to a record high of more than 6 million last week. That was double the previous all-time high of 3.307 million set in the prior week. With a majority of Americans now under some form of lockdown, claims are expected to rise further. U.S. President Donald Trump has warned of more economic pain as more states enforce sweeping stay-at-home orders to curtail the coronavirus pandemic. This is negative news for the U.S. currency.

Trading recommendation: Sell 108.23 and take profit 107.50.

David Johnson
Analyst of «FreshForex» company
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