Good news and bad news | 06 Junio 2019
06 Junio 2019, USD/JPY
USDJPY trading plan:
Good news and bad news. The good news is the positive statistics from the US on business activity in the service sector. U.S. services sector activity expanded at a brisk pace in May and industries hired more workers. The ISM said its non-manufacturing activity index rose 1.4 points to a reading of 56.9 in May. A gauge of services industry employment surged 4.4 points to a seven-month high. The bad news is geopolitical tensions. Trade negotiations between the US and China have reached an impasse. This is a negative signal for the stock markets and USD JPY.
Trading recommendation: range 107.70 -108.40.
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.
