{"id":154727,"date":"2019-09-04T11:45:05","date_gmt":"2019-09-04T15:45:05","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=154727"},"modified":"2019-09-04T08:50:27","modified_gmt":"2019-09-04T12:50:27","slug":"usdjpy-analysis-industrial-activity-declines-in-japan","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/09\/usdjpy-analysis-industrial-activity-declines-in-japan\/","title":{"rendered":"USDJPY Analysis: Industrial activity declines in Japan"},"content":{"rendered":"
September 4, 2019<\/div>
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By IFCMarkets<\/a><\/strong><\/p>\n

Industrial activity declines in Japan<\/strong><\/p>\n

In August, manufacturing activity in Japan declined four months in a row. Is the weakening of Japanese Yen<\/a> possible?<\/p><\/blockquote>\n

The macroeconomic indicator Jibun Bank Japan Manufacturing Purchasing Managers’ Index (PMI) in August fell to 49.3 points. For 4 months now, it has been below 50 points, which means a decrease in activity in the industry. The last time such a long negative period was observed in Japan in 2016. An additional negative for the yen could be the normalization and mutual concessions in trade relations between China and the United States during the planned negotiations. Investors previously viewed the yen as a defensive asset, which largely determined its strengthening.<\/p>\n

\"USDJPY\"<\/p>\n

On the daily timeframe USDJPY: D1<\/b> is in a downtrend. At the same time, the decline slowed down and various technical analysis indicators formed upward reversal signals. Further growth of quotations is possible if negative macroeconomic data will be published in Japan and positive in the USA, as well as normalization of US-Chinese foreign trade relations.<\/p>\n