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Positive macroeconomic statistics from the United States

Positive macroeconomic statistics from the United States | 03 March 2023

03 March 2023, USD/JPY

Positive macroeconomic statistics from the United States

USDJPY trading plan:

The number of Americans filing new claims for unemployment benefits fell again last week, pointing to sustained labor market strength and adding to financial market fears that the Federal Reserve could keep hiking interest rates for longer. Initial claims for state unemployment benefits dropped 2,000 to a seasonally adjusted 190,000 for the week ended Feb. 25, the Labor Department said. It was the seventh straight week that claims remained below 200,000. There is still no sign that high-profile layoffs, mostly in the technology sector, have had a material impact on the labor market, with economists and policymakers saying these companies hired too many workers during the COVID-19 pandemic and were not representative of the overall economy.

Investment idea: buy 136.05 and take profit 136.80.

David Johnson
Analyst of «FreshForex» company
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