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Hello Everybody,
Today, we have a important US economic data release - New orders for US manufactured goods.
It will be out at 15 GMT hours.
It will affect USDJPY.
Manufacturing makes up about 12% of the US economy.
Last update on 2nd February 2018 showed that new orders for US made manufactured goods increased more than expected in December 2017.
They rose 1.7%, advancing for a 5th straight month.
Today, report is expected to show a 1.3% drop in the headline figure.
But, strong business spending, a weakening dollar and strengthening global economy are still supporting manufacturing, so I stand with BULLS.
I foresee USDJPY bullish.
End of Analysis.
Today, we have a important US economic data release - New orders for US manufactured goods.
It will be out at 15 GMT hours.
It will affect USDJPY.
Manufacturing makes up about 12% of the US economy.
Last update on 2nd February 2018 showed that new orders for US made manufactured goods increased more than expected in December 2017.
They rose 1.7%, advancing for a 5th straight month.
Today, report is expected to show a 1.3% drop in the headline figure.
But, strong business spending, a weakening dollar and strengthening global economy are still supporting manufacturing, so I stand with BULLS.
I foresee USDJPY bullish.
End of Analysis.
