USDJPY – Down
USDJPY trading plan:
U.S. job openings fell less than expected in January and data for the prior month was revised higher, pointing to persistently tight labor market conditions that likely will keep the Federal Reserve on track to raise interest rates for longer. But the Labor Department’s monthly Job Openings and Labor Turnover Survey, or JOLTS report, also hinted at some cracks in the labor market. Layoffs rose to a two-year high in January and job cuts were higher than initially thought in 2022. Fewer people voluntarily quit their jobs. The decline in job openings does not indicate any meaningful improvement in the balance between labor demand and labor supply from the perspective of the Fed.
Investment idea: buy 136.03 and take profit 136.80.
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