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Neutral macroeconomic statistics from the United States

Neutral macroeconomic statistics from the United States | 12 February 2021

12 February 2021, USD/JPY

USDJPY trading plan:

The number of Americans filing new applications for unemployment benefits fell slightly last week. Initial claims for state unemployment benefits slipped 19,000 to a seasonally adjusted 793,000 for the week ended Feb. 6. Data for the prior week was revised to show 33,000 more claims received than previously reported. There were notable jumps in filings in California and Ohio. Including a government-funded program for the self-employed, gig workers and others who do not qualify for the regular state programs, 1.148 million people filed claims last week. Labor market woes strengthen the case for President Joe Biden's proposed $1.9 trillion recovery package, which is under consideration in the U.S. Congress.

Investment idea: range 104.45 -105.20.

David Johnson
Analyst of «FreshForex» company
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