Negative macroeconomic statistics from Japan | 27 سبتمبر 2019

USDJPY trading plan:

Negative macroeconomic statistics from Japan signals the continuation of the bullish rally in the currency pair USDJPY. Government data released on Friday showed core consumer prices in Tokyo, a leading indicator of nationwide price trends, rose 0.5% in September from a year earlier, slowing from a 0.7% gain in the previous month. It was the slowest growth since May last year and weighed by declines in energy prices. The Central Bank of Japan will hold a meeting on monetary policy on October 31 and may decide to reduce interest rates to stimulate inflation.

Trading recommendation: Buy 107.59 and take profit 108.10.