The market is expecting good numbers in tonight’s announcement. The forecast is 1.6% against last month’s -3.0%.
If the actual number is good, it may spur risk appetite causing the EUR, AUD and NZD to appreciate against the USD. It is also possible that the USD alone will strengthen against the rest of the majors.
I would choose to trade this news on the USDJPY. The USDJPY is expected to rise if the actual figure is higher than the forecast figure of 1.6%.
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