Eren_Jaeger_Trader

USDJPY 1:3 Risk Reward SHORT

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
USD
- Quant Scores shifted against USD by 10 points which suggests more weakness to come next month
- Building permits and housing starts much less than forecast which can affect many other factors of growth such as jobs, lending and business confidence
- Consumer Confidence heavily lower than forecast suggesting the US consumers are less confident in the outlook, this can mean consumers keep their pockets tight and don't spend as much in the economy
- Manufacturing index also missing forecast showing that majority of US scheduled data pessimistic on the economy
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.