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Negative macroeconomic statistics from Japan

Negative macroeconomic statistics from Japan | 09 March 2022

09 March 2022, USD/JPY

USDJPY trading plan:

Japan's bank lending rose at the slowest increase in a decade in February. While the central bank's massive money printing will likely keep funding conditions ultra-loose, the crisis in Eastern Europe could hurt restaurants and retailers still reeling from the COVID-19 curbs. "We must keep an eye out on how developments in Eastern Europe could affect corporate funding through rising crude oil prices," a BOJ official told a briefing. Lending by major banks fell 1.3% in February from a year earlier after dropping 1.0% in January, marking the biggest decline since August 2021, the data showed.

Investment idea: buy 115.44 and take profit 115.98.

David Johnson
Analyst of «FreshForex» company
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