Stagnation in Japanese industry | 25 Tháng Chín 2023

25 Tháng Chín 2023, USD/JPY

Stagnation in Japanese industry

USDJPY trading plan:

Japan's factory activity contracted for the fourth straight month and the service sector growth slipped to an eight-month low, a survey showed, highlighting the challenges facing the economy as it struggles to mount a strong recovery. The au Jibun Bank flash Japan manufacturing purchasing managers' index declined to a seasonally adjusted 48.6 in September from 49.6 in August. The index has remained below the 50.0-point threshold that separates contraction from expansion for four months after briefly popping above that level in May. Activity was in contractionary territory before that for six straight months. Output fell to the lowest level since June while new orders dropped at the steepest pace in seven months, the survey showed. Manufacturers also faced elevated price pressures with the rate of input price inflation reaching four-month high.

Investment idea: buy 148.11 and take profit 148.85.

David Johnson
Analyst of «FreshForex» company
Đồng ý với đánh giá?
Ý kiến ​​của thương nhân:
Close
Đăng nhập
Trình duyệt của bạn không hỗ trợ cookie Nếu cookie đã bị vô hiệu trong trình duyệt Internet của bạn, bạn có thể gặp vấn đề với việc hiển thị Khu vực cá nhân. Cách bật hỗ trợ cookie .