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Positive macroeconomic statistics from Japan

Positive macroeconomic statistics from Japan | 26 July 2023

26 July 2023, USD/JPY

Positive macroeconomic statistics from Japan

USDJPY trading plan:

Business sentiment in Japan is picking up in July on easing supply constraints and the removal of COVID-19 curbs, the first such uptick this year, a fresh report by the cabinet said. The monthly report also said the government still believed the economy was "recovering moderately", as consumer spending, capital expenditure and exports remained firm. "Firms' judgement on current business condition is picking up," said the economic report for July issued by the Cabinet Office. The last time the cabinet raised its view on businesses was December last year. Previously, the government had said the business mood showed signs of recovery.

Investment idea: sell 140.65 and take profit 140.00.

David Johnson
Analyst of «FreshForex» company
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