Positive macroeconomic statistics from the United States | 25 Marzo 2022

25 Marzo 2022, USD/JPY

USDJPY trading plan:

A measure of U.S. business activity increased to an eight-month high in March, fueled by strong demand for both goods and services. U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, rose to a reading of 58.5 this month. That was the highest reading since July 2021. A reading above 50 indicates growth in the private sector. The continued rebound from a slump in January mostly reflected pent-up demand and the easing of COVID-19 restrictions across the country amid a massive decline in coronavirus cases, as well as less severe supply chain disruptions. The flash composite orders index rose to a nine-month high, with businesses reporting that "a greater availability of inputs allowed them to be more competitive and win new customers."

Investment idea: buy 121.40 and take profit 122.01.


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.
David Johnson
Analyst of «FreshForex» company
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