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Positive macroeconomic statistics from the United States

Positive macroeconomic statistics from the United States | 28 September 2022

28 September 2022, USD/JPY

Positive macroeconomic statistics from the United States

USDJPY trading plan:

Sales of new U.S. single-family homes unexpectedly increased in August, but the rebound is likely temporary, with the 30-year fixed mortgage rate soaring to levels last seen during the Great Recession. New home sales surged 28.8% to a seasonally adjusted annual rate of 685,000 units last month, the Commerce Department said. Mortgage rates have increased even faster. The 30-year fixed mortgage rate averaged 6.29% last week, the highest since October 2008, from 6.02% in the prior week, according to data from mortgage finance agency Freddie Mac.

Investment idea: buy 114.33 and take profit 114.86.

David Johnson
Analyst of «FreshForex» company
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