Negative macroeconomic statistics from Japan | 09 Julio 2019
09 Julio 2019, USD/JPY
USDJPY trading plan:
We're expecting the bullish trend to continue after the publication of negative macroeconomic statistics from Japan. Japan’s machinery orders fell for the first time since January - the indicator decreased by 7.8%. Capital spending has been an important prop for the economy in recent quarters. The sharp drop in machine orders could be an early signal recessions. The Central Bank of Japan needs to increase the stimulation of the economy. This is a negative factor for the Japanese yen.
Trading recommendation: Buy 108.55 and take profit 108.99.
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.
