06 Juni 2022, USD/JPY
USDJPY trading plan:
U.S. employers hired more workers than expected in May and maintained a fairly strong pace of wage increases, signs of labor market. The Labor Department's closely watched employment report also showed the unemployment rate holding steady at 3.6% for a third straight month, even as more people entered the labor force. It sketched a picture of an economy that continues to expand, although at a moderate pace. The U.S. central bank's interest rate hike campaign and tightening financial conditions have caused anxiety among investors about a recession next year. Employment now is just 822,000 jobs below its pre-pandemic level. Most industries with the exception of leisure and hospitality, manufacturing, healthcare, wholesale trade and local government education have recouped all the jobs lost during the pandemic.
Investment idea: buy 130.47 and take profit 131.10.