05 April 2019, USD/JPY
USDJPY trading plan:
Open buy positions and wait for the growth of quotations! The United States pleases investors with positive macroeconomic statistics. Initial claims for state unemployment benefits declined 10,000 to a seasonally adjusted 202,000 for the week ended March 30, the lowest level since early December 1969. Job growth has slowed from last year's roughly 223,000 average monthly pace. The pace of increase, however, remains more than sufficient to keep up with growth in the working age population, holding down the unemployment rate. This signals steady growth of the economy. This is a positive signal for the U.S. dollar!
Trading recommendation: Buy 111.55 and take profit 112.07.
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