Negative macroeconomic statistics from Japan | 23 Septiembre 2020

23 Septiembre 2020, USD/JPY

USDJPY trading plan:

Japan's factory activity extended declines in September largely due to a sharper fall in output, as the world's third-largest economy struggles to stage a robust recovery from the COVID-19 pandemic. The au Jibun Bank Flash Japan Manufacturing Purchasing Managers' Index was largely unchanged at 47.3 in September compared with a final 47.2 in the previous month. Output contracted at a faster pace for the first time in four months, weighing on the headline index, which remained below the 50.0 threshold that separates contraction from expansion for a 17th month. The latest housing market figures from the U.S. gave the dollar a boost, with sales passing the 6 million mark, the highest number in 14 years. Investors increase short positions in the precious metals market which will have a positive impact on the value of the dollar.

Trading recommendation: Buy 105.00 and take profit 105.39.

David Johnson
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.