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Positive macroeconomic statistics from Japan

Positive macroeconomic statistics from Japan | 09 August 2019

09 August 2019, USD/JPY

Positive macroeconomic statistics from Japan

USDJPY trading plan:

Positive macroeconomic statistics from Japan will have a positive impact on the stock markets. This is a good factor for bulls as there is a correlation between USDJPY and Nikkei 225. Gross domestic product grew an annualized 1.8% in the second quarter. Private consumption, which accounts for about 60% of the economy, rose 0.6%. Capital expenditure also rose 1.5%, nearly double the pace of increase projected by traders. The USA-China trade war has no negative impact on Japan's GDP now. Japan's Nikkei average gained 0.6%, while Australian stocks added 0.2% and South Korean shares climbed 1.1%.

Trading recommendation: Buy 105.80 and take profit 106.30.

David Johnson
Analyst of «FreshForex» company
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