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Positive macroeconomic statistics from Japan

Positive macroeconomic statistics from Japan | 21 January 2021

21 January 2021, USD/JPY

Positive macroeconomic statistics from Japan

USDJPY trading plan:

Japan's exports rose for the first time in two years in December, driven by shipments to China, government data showed. The Ministry of Finance data out showed Japan's exports rose 2.0% in December from a year earlier. By region, exports to China -- Japan's largest trading partner -- grew 10.2% in the year to December, led by shipments of plastic, nonferrous metals and other raw materials. A recovery in exports may ease the risk of a double-dip recession. This is a positive signal for the Japanese currency!

Investment idea: Sell 103.70 and take profit 103.30.

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David Johnson
Analyst of «FreshForex» company
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