USDJPY – Down
USDJPY trading plan:
China’s exports rose at the fastest pace in five months in June as factories revved up after the lifting of COVID lockowns, but a sharp slowdown in imports, fresh virus flare-ups and a darkening global outlook pointed to a bumpy road ahead for the economy. Outbound shipments in June rose 17.9% from a year earlier, the fastest growth since January, official customs data showed on Wednesday, compared with a 16.9% gain in May. Exports of computers, steel products and autos contributed to the robust growth. China exported 248,000 vehicles in June, up 30.5% from a year earlier. China’s foreign trade still faces instability and uncertainty, said Li Kuiwen, a spokesman for the General Administration of Customs, at a news conference in Beijing.
Investment idea: range 137.95 -138.95.
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