USDJPY – Down
USDJPY trading plan:
The number of Americans filing new claims for unemployment benefits increased more than expected last week, further evidence that labor market conditions were gradually easing as higher borrowing costs dampen demand in the economy. The slowing momentum in the economy was underscored by other data from the Labor Department showing producer prices falling by the most in nearly three years in March, with sticky services inflation subsiding. Still, the labor market and inflation are likely not cooling fast enough to stop the Federal Reserve from raising interest rates one more time next month. Annual revisions to the data published by the government last week showed claims were much higher this year than had been previously estimated, aligning with a rush of high-profile layoffs in the technology industries as well as other sectors highly sensitive to interest rates.
Investment idea: range 131.90 -132.80.
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