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Positive macroeconomic statistics from the United States

Positive macroeconomic statistics from the United States | 07 July 2020

07 July 2020, USD/JPY

Positive macroeconomic statistics from the United States

USDJPY trading plan:

Positive macroeconomic statistics from the United States will have a positive impact on the value of USDJPY. The Institute for Supply Management said its non-manufacturing activity index jumped to a reading of 57.1 last month, the highest since February, from 45.4 in May. The ISM survey's measure of new orders for the services industry increased to a reading of 61.6 in June from 41.9 in the prior month. There was an increase in export orders. The report followed the ISM's manufacturing survey last week showing factory activity rebounding to a 14-month high in June.

Trading recommendation: Buy 107.40 and take profit 107.90.

David Johnson
Analyst of «FreshForex» company
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