Positive macroeconomic statistics from the United States | 22 فبراير 2021

22 فبراير 2021, USD/JPY

Positive macroeconomic statistics from the United States

USDJPY trading plan:

U.S. home sales unexpectedly rose in January despite tight inventories boosting house prices. The National Association of Realtors said that existing home sales increased 0.6% to a seasonally adjusted annual rate of 6.69 million units last month. Home resales, which account for the bulk of U.S. home sales, surged 23.7% on a year-on-year basis. The housing market, the economy's star performer during the COVID-19 recession, is being supported by historically low mortgage rates and demand for spacious accommodations for home offices and schooling, mostly in the suburbs and other lower-density areas.

Investment idea: Buy 105.30 and take profit 105.70.


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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