A strong rebound in credit demand | 14 Febrero 2023

14 Febrero 2023, USD/JPY

USDJPY trading plan:

New bank loans in China jumped more than expected to a record 4.9 trillion yuan in January as the central bank looks to kickstart a recovery in the world's second-biggest economy after the lifting of harsh pandemic controls. A strong rebound in credit demand will be essential for an economic revival this year after harsh COVID measures and a crisis in the property sector dragged China's growth down to 3% in 2022, one of its worst rates in nearly half a century. Chinese banks tend to issue more loans at the beginning of the year to gain higher-quality customers and win market share, but the size of the increase spurred hopes that business and consumer confidence is improving rapidly after the anti-COVID curbs were suddenly lifted in December. This is a good signal for the stock market and USDJPY, which has a correlation with the shares.

Investment idea: buy 131.25 and take profit 132.00.

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.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus