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Positive macroeconomic statistics from the United States

Positive macroeconomic statistics from the United States | 15 June 2020

15 June 2020, USD/JPY

Positive macroeconomic statistics from the United States

USDJPY trading plan:

Positive macroeconomic statistics from the United States will have a positive impact on the value of the dollar. U.S. consumer sentiment perked up in early June as households cheered the reopening of businesses and a surprise rebound in hiring. The University of Michigan's consumer sentiment index increased to a reading of 78.9 from 72.3 in May. While the University of Michigan survey showed consumers' inflation expectations easing slightly in June, they remained above their pre-COVID-19 shutdown levels. Consumers' one-year inflation expectations slipped to 3.0% from 3.2% in May.

Trading recommendation: Buy 107.15 and take profit 107.50.

David Johnson
Analyst of «FreshForex» company
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