Short in USDJPY

23 באוג׳ 2023

Today, I went short on USDJPY due to the release of the US PMI data, which came in slower than expected. However, what really caught my attention and me led to take a short position on the dollar was the manufacturing PMI data. It was anticipated to increase, but instead, it decreased. This could potentially shift the perspectives of many economists and the Federal Reserve, reducing the probability of further interest rate hikes.