USDJPY – Down
USDJPY trading plan:
Japan’s government warned that attention should be paid to any possible impact of financial market fluctuations on the economic outlook, while affirming its view that the economy was moderately recovering. The warning highlights Tokyo’s continued concern about market volatility a week after it intervened in the foreign exchange market to buy yen for the first time in more than 20 years as it sought to halt the currency’s sharp falls. But the government warned that a slowdown in overseas economies posed a downside risk to the world’s third-largest economy. New manufacturing orders in Japan shrank at the fastest rate in two years this month, a private survey showed. In the report, the government warned that attention should be paid to any economic impact from rising prices, supply constraints and fluctuations in financial and capital markets.
Investment idea: range 144.45 -145.40.
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