28 March 2019, USD/JPY
USDJPY trading plan:
The Commerce Department USA said on Wednesday the trade deficit declined 14.6 percent, the largest decline since March 2018, to $51.1 billion. The trade deficit in January was pushed down by a 0.9 percent increase in exports to $207.3 billion. Soybean exports rose by $0.9 billion in January. When adjusted for inflation, the goods trade deficit decreased $7.8 billion to $83.8 billion in January. This is positive news for the U.S. currency! Export growth, however, continues to be constrained by slowing global demand and the dollar's strength last year, which is making U.S.-made goods less competitive on foreign markets.
Trading recommendation: Buy 110.00 and take profit 110.70.
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