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Positive statistics from Japan

Positive statistics from Japan | 24 March 2021

24 March 2021, USD/JPY

USDJPY trading plan:

An expansion of Japan's factory activity gathered pace in March, a private sector survey showed. The au Jibun Bank Flash Japan Manufacturing Purchasing Managers' Index rose to a seasonally adjusted 52.0 in March from a final 51.4 in February. That meant manufacturing activity came in above the 50.0 threshold that separates contraction from expansion for the second straight month. The PMI survey showed that activity was helped by growing output and new orders. Future output, which shows firms' growth expectations for the year ahead, also remained strongly positive.

Investment idea: sell 108.62 and take profit 108.37

David Johnson
Analyst of «FreshForex» company
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