Positive macroeconomic statistics from the United States | 28 أغسطس 2019

USDJPY trading plan:

Positive macroeconomic statistics from the United States will have a positive impact on the value of USDJPY. The households still upbeat about the labor market despite an escalation in trade tensions, which has cast a shadow over the longest economic expansion in history. The Conference Board said its consumer confidence index made 135.1 this month. The Conference Board survey places more emphasis on the labor market. This is factor could signal a drop in the unemployment rate in August. Businesses don't appear to be cutting staff or even slowing the pace of hiring all that much.

Trading recommendation: Buy 105.70 and take profit 106.08.