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Positive macroeconomic statistics from the United States

Positive macroeconomic statistics from the United States | 26 June 2020

26 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 USDJPY. Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, and increased 2.3% last month as demand rose across the board, the Commerce Department said. These so-called core capital goods orders dropped 6.5% in April. Shipments of core capital goods rose 1.8% last month. Core capital goods shipments are used to calculate equipment spending in the government's gross domestic product measurement. Core capital goods shipments declined 6.2% in April.

Trading recommendation: Buy 107.00 and take profit 107.40.

David Johnson
Analyst of «FreshForex» company
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