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Positive macroeconomic statistics from Japan

Positive macroeconomic statistics from Japan | 15 June 2022

15 June 2022, USD/JPY

Positive macroeconomic statistics from Japan

USDJPY trading plan:

Japan's core machinery orders unexpectedly rose in April, at the fastest pace in 18 months, as business spending remained defiantly robust against higher energy prices and China's COVID-19 lockdowns. The surge in the closely watched barometer of business investment bodes well for Japan's corporate sector and the broader economy, which faces global inflation and a rapid yen decline to 24-year-lows. Sectors related to the semiconductor-making equipment carried on active investments, while carmakers turned more positive.

Investment idea: sell 134.70 and take profit 134.00.

David Johnson
Analyst of «FreshForex» company
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