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Positive macroeconomic statistics from the United States

Positive macroeconomic statistics from the United States | 06 April 2022

06 April 2022, USD/JPY

USDJPY trading plan:

U.S. services industry activity picked up in March, boosted by the rolling back of pandemic restrictions. The Institute for Supply Management said its non-manufacturing activity index rebounded to a reading of 58.3 last month from a one-year low of 56.5 in February. That ended three straight months of declines in the index and also signaled a shift in spending back to services from goods. The ISM's measure of new orders received by services businesses rebounded to a reading of 60.1 from a 12-month low of 56.1 in February. Positive statistics for the dollar.

Investment idea: buy 123.45 and take profit 124.00.

David Johnson
Analyst of «FreshForex» company
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