Positive macroeconomic statistics from the United States

11 June 2021, USD/JPY

Positive macroeconomic statistics from the United States

USDJPY trading plan:

The U.S. government posted a May deficit of $132 billion, about a third of the May 2020 deficit of $399 billion, as higher employment and an earlier tax deadline this year boosted receipts sharply, even as COVID-19 pandemic-related outlays grew, the U.S. Treasury said. The Treasury also said taxes withheld from wages increased by 20% to $204 billion during May compared to a year ago, while May corporate taxes rose to $18 billion from $2 billion last year. Outlays for May increased 4% from a year earlier to $596 billion as benefits from President Joe Biden's $1.9 trillion COVID-19 aid package continued to be paid out.

Investment idea: buy 109.18 and take profit 109.75.

David Johnson
Analyst of «FreshForex» company
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