Negative macroeconomic statistics from the United States | 10 أبريل 2020

USDJPY trading plan:

Negative macroeconomic statistics from the United States will have a negative impact on the value of the dollar. The Labor Department said on Thursday its producer price index for final demand slipped 0.2% last month after dropping 0.6% in February, which was the biggest decline since January 2015. The COVID-19 pandemic is suppressing demand for services like transportation, hotel accommodation, entertainment and recreation. In March, wholesale energy prices tumbled 6.7% after dropping 3.6% in February. They were weighed down by a 16.8% plunge in gasoline prices. That followed a 6.5% decline in February. Gasoline accounted for 80% of the drop in the cost of goods last month.

Trading recommendation: Sell 108.51 and take profit 108.21.