The US unemployment rate fell more sharply | 07 سبتمبر 2020
07 سبتمبر 2020, USD/JPY
USDJPY trading plan:
The U.S. economy added 1,371 million nonfarm jobs in August. The unemployment rate fell more sharply than expected, to 8.4% of the working population from 10.2% in July. Adult participation in the labor force edged up to 61.7 from 61.4. Among the unemployed, the number of persons on temporary layoff decreased by 3.1 million in August to 6.2 million, down considerably from as much as of 18.1 million in April. This is a positive signal for the U.S. currency.
Trading recommendation: Buy 106.11 and take profit 106.40.
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.
