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Positive macroeconomic statistics from the United States

Positive macroeconomic statistics from the United States | 19 October 2022

19 October 2022, USD/JPY

Positive macroeconomic statistics from the United States

USDJPY trading plan:

Production at U.S. factories rose in September led by output gains in both durable and nondurable goods, indicating the manufacturing sector remains on reasonable footing despite the Federal Reserve's efforts to hamper demand through higher interest rates. Manufacturing output rose 0.4% last month, keeping pace with an upwardly revised 0.4% gain in August, the Federal Reserve said. Capacity utilization, a measure of how fully producers is using their resources, rose to 80.3% last month from an upwardly revised 80.1% in August.

Investment idea: buy 149.09 and take profit 149.61.

David Johnson
Analyst of «FreshForex» company
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