27 August 2021, USD/JPY
USDJPY trading plan:
U.S. corporate profits surged to a fresh record high in the second quarter, boosted by robust demand and higher prices. Profits from current production increased by $234.5 billion, or at a 9.2% quarterly rate, to a record $2.8 trillion, after rising at a 5.1% pace in the first quarter. They were driven by a $169.8 billion surge in profits at domestic nonfinancial corporations. There were also gains in domestic financial corporation’s profits as well as rest-of-the-world profits. Pre-tax profits as a share of GDP, a proxy for economy-wide profit margins, rose 0.7 percentage points to 12.3%, their highest since 2014. This is a good signal for the stock market and USDJPY, which has a correlation with the shares.
Investment idea: buy 109.85 and take profit 110.25.
id 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 
ms 