The expansion was weaker | 18 Julio 2022

18 Julio 2022, USD/JPY

USDJPY trading plan:

China's industrial output grew 3.9% in June from a year earlier, quickening from a 0.7% rise in May, official data showed, as activity began to recover from months of crippling COVID lockdowns. Fixed asset investment grew 6.1% in the first six months of the year from the same period a year earlier, versus a forecast 6.0% rise and down from a 6.2% jump in January-May. While June data offered some signs of improvement for the world's second-largest economy, analysts do not expect a rapid recovery as the government is sticking to its tough zero-COVID policy. The country's property market is in a deep slump and global growth is faltering.

Investment idea: sell 138.61 and take profit 138.04.


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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