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Positive macroeconomic statistics from the United States

Positive macroeconomic statistics from the United States | 03 February 2023

03 February 2023, USD/JPY

USDJPY trading plan:

The number of Americans filing new claims for unemployment benefits dropped to a nine-month low last week as the labor market remains resilient despite higher borrowing costs and mounting fears of a recession this year. The surprise decline in weekly jobless claims reported by the Labor Department raised cautious optimism that the economy could skirt a recession or just experience a shallow and short downturn. Federal Reserve Chair Jerome Powell told reporters on Wednesday that "the economy can return to 2% inflation without a really significant downturn or a really big increase in unemployment."

Investment idea: buy 128.25 and take profit 129.02.

David Johnson
Analyst of «FreshForex» company
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