Positive macroeconomic statistics from the United States | 10 October 2022

10 October 2022, USD/JPY

USDJPY trading plan:

U.S. employers hired more workers than expected in September, while the unemployment rate dropped to 3.5% from 3.7% the previous month, pointing to a tight labor market which keeps the Federal Reserve on its aggressive monetary policy tightening campaign for a while. Nonfarm payrolls increased by 263,000 jobs last month, the Labor Department said. August was unrevised to show 315,000 jobs added. The yield on 10-year Treasury note jumped was last up 8 basis points at 3.9%; The two-year U.S. Treasury yield, was up 7 basis points at 4.32%. This is a positive signal for the dollar.

Investment idea: buy 144.89 and take profit 145.50.

David Johnson
Analyst of «FreshForex» company
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