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Good statistics from China

Good statistics from China | 13 October 2021

13 October 2021, USD/JPY

Good statistics from China

USDJPY trading plan:

China’s export growth unexpectedly accelerated in September. Outbound shipments in September jumped 28.1% from a year earlier, up from a 25.6% gain in August. Recent data has pointed to a slowdown in production activity. China’s manufacturing PMI unexpectedly shrank in September as industrial firms battled with rising costs and electricity rationing. China posted a trade surplus of $66.76 billion in September, versus the poll’s forecast for a $46.8 billion surplus and $58.34 billion surplus in August. Good statistics from China will have a positive impact on stock markets. This is a good signal for the stock market and USDJPY, which has a correlation with the shares.

Investment idea: buy 113.20 and take profit 113.70.

David Johnson
Analyst of «FreshForex» company
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