Negative macroeconomic statistics from Japan | 25 November 2022

25 November 2022, USD/JPY

Negative macroeconomic statistics from Japan

USDJPY trading plan:

Japan's manufacturing activity contracted at the fastest pace in two years in November as demand worsened due to strong inflationary pressures, a business fresh survey showed. The contraction in factory activity also marked the first monthly decline in 22 months and raised a question mark over Japan's economic outlook as the country relies heavily on trade with China and other nations for its growth. Flash Japan Manufacturing Purchasing Managers' Index slipped to a seasonally adjusted 49.4 in November from a final reading of 50.7 in the previous month. Output contracted at the quickest pace in 26 months, falling for the fifth consecutive month, the survey results showed.

Investment idea: buy 138.20 and take profit 139.12.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .