Positive macroeconomic statistics from the United States | 13 September 2021

13 September 2021, USD/JPY

Positive macroeconomic statistics from the United States

USDJPY trading plan:

U.S. wholesale inventory accumulation slowed in July, lagging further behind sales. The Commerce Department said that wholesale inventories rose 0.6% as estimated last month. Stocks at wholesalers increased 1.2% in June. Wholesale inventories climbed 11.5% in July from a year earlier. Business inventories were depleted in the first half of the year, but shortages amid persistent supply bottlenecks because of the COVID-19 pandemic and recent ports congestion in China are frustrating efforts to replenish stocks. Sales at wholesalers increased 2.0% in July after accelerating 2.3% in June. At July's sales pace it would take wholesalers 1.20 months to clear shelves, the fewest since July 2014, from 1.22 in June. This is a positive macroeconomic statistic for the dollar.

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David Johnson
Analyst of «FreshForex» company
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