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Negative macroeconomic statistics from the United States

Negative macroeconomic statistics from the United States | 14 February 2022

14 February 2022, USD/JPY

Negative macroeconomic statistics from the United States

USDJPY trading plan:

U.S. consumer sentiment fell to its lowest level in more than a decade in early February amid expectations that inflation would continue to increase in the near term. The University of Michigan's preliminary consumer sentiment index dropped to 61.7 in the first half of this month, the lowest since October 2011. The index is sensitive to gasoline prices and the stock market. The survey's gauge of current economic conditions fell to a reading of 68.5, the lowest since August 2011 from 72.0 in January. Its measure of consumer expectations declined to 57.4, the lowest since November 2011, from 64.1 in January.

Investment idea: sell 115.60 and take profit 115.11.

David Johnson
Analyst of «FreshForex» company
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