Positive macroeconomic statistics from China | 17 يناير 2020
17 يناير 2020, USD/JPY
USDJPY trading plan:
Positive macroeconomic statistics from China will have a positive impact on the value of USDJPY. Retail sales rose 8% versus an estimate of 7.9%. Fixed-asset investment rose 5.4% in the year, versus an estimate of 5.2%. Real estate investment in China rose 9.9% in 2019 from a year earlier. The signing of the phase-one trade deal this week combined with recovering global demand have improved the outlook for Chinese factories and exporters in 2020.
Trading recommendation: Buy 110.11 and take profit 110.39.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
