Negative macroeconomic statistics from the United States | 28 سبتمبر 2020

USDJPY trading plan:

The US Commerce Department reported durable goods orders increased just 0.4% in August from the prior month, missing traders' forecasts of 1.5%. Sustaining this momentum beyond Q3, however, will be very difficult. The financing environment is very supportive, but low capacity utilization rates and election uncertainty are likely to weigh on CAPEX, at least in the near-term. Businesses typically ramp up investment when utilization rates are tightening. That's clearly not the case today; capacity utilization is still historically low at 71.4%, which is down 6.4 ppts compared to last year.

Trading recommendation: range 105.00 -105.64