Positive macroeconomic statistics from the United States | 08 يناير 2021

08 يناير 2021, USD/JPY

Positive macroeconomic statistics from the United States

USDJPY trading plan:

U.S. services industry activity accelerated in December. The Institute for Supply Management said its non-manufacturing activity index increased to a reading of 57.2 last month from 55.9 in November. As with the manufacturing data, the improvement in the services industry index partly reflected a rise in the survey's measure of supplier deliveries to a reading of 62.8 last month from 57.0 in November. A lengthening in suppliers' delivery times is normally associated with a strong economy and increased customer demand, which would be a positive contribution. This is a positive signal for the US dollar!

Investment idea: Buy 103.57 and take profit 104.05.


The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
David Johnson
Analyst of «FreshForex» company
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