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Neutral macroeconomic statistic for the US dollar

Neutral macroeconomic statistic for the US dollar | 14 October 2020

14 October 2020, USD/JPY

Neutral macroeconomic statistic for the US dollar USDJPY trading plan:

House of Representatives Speaker Nancy Pelosi stymied hopes for the stimulus measures, rejecting President Donald Trump’s proposed $1.8 trillion package, saying it “falls significantly short of what this pandemic and deep recession demand.”The US Labor Department said its consumer price index increased 0.2% last month after gaining 0.4% in August. The CPI advanced 0.6% in both June and July after falling in the prior three months as business closures to slow the spread of the COVID-19 weighed on demand. In the 12 months through September, the CPI increased 1.4% after rising 1.3% in August. This is a neutral macroeconomic statistic for the US dollar.

Trading recommendation: range 105.20 -105.90.

David Johnson
Analyst of «FreshForex» company
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