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Positive macroeconomic statistics from the United States

Positive macroeconomic statistics from the United States | 18 April 2023

18 April 2023, USD/JPY

Positive macroeconomic statistics from the United States

USDJPY trading plan:

The New York Federal Reserve said its barometer of manufacturing activity in New York State increased for the first time in five months in April as measures of new orders and shipments surged. The regional Fed's "Empire State" index on current business conditions jumped 35.4 points to a reading of 10.8 this month. A reading above zero signals the New York manufacturing sector is growing. The rebound is an encouraging sign for national manufacturing activity, which had been undermined by higher interest rates and the rotation of spending back to services from goods.

Investment idea: buy 133.89 and take profit 134.50.

David Johnson
Analyst of «FreshForex» company
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