Positive statistics from the United States | 20 September 2021

20 September 2021, USD/JPY

Positive statistics from the United States

USDJPY trading plan:

U.S. consumer sentiment steadied in early September after plunging the month before to its lowest level in nearly a decade. The University of Michigan said its consumer sentiment index edged up to 71 in the first half of September from 70.3 in August - the lowest since December 2011. Consumers' views of inflation remain elevated, although they appear to have stopped charging higher as they did over the summer when key official gauges of price increases hit their highest levels in years. The survey's one-year inflation outlook ticked back up to 4.7% this month to match July's reading, which had been the highest since 2008, from 4.6% in August. The five-year outlook, meanwhile, held steady at 2.9%.

Investment idea: buy 109.50 and take profit 110.05.

David Johnson
Analyst of «FreshForex» company
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