U.S. factory activity picked up | 25 March 2021

25 March 2021, USD/JPY

USDJPY trading plan:

U.S. factory activity picked up in early March amid strong growth in new orders. The flash U.S. manufacturing PMI increased to 59 in the first half of this month from a final reading 58.6 in February, when activity took a step back after a cold snap hit large parts of the country. Factories and their suppliers are, however, struggling to find workers, leading to shortages that are driving up prices for production materials. A global semiconductor chip shortage has forced some automobile manufacturers to cut production.

Investment idea: buy 108.80 and take profit 109.20.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus