Good and bad news | 06 سبتمبر 2021

USDJPY trading plan:

Japanese shares jumped after officials said Prime Minister Yoshihide Suga would step down, setting the stage for a new premier after a one-year tenure marred by an unpopular COVID-19 response and rapidly dwindling public support. Japan’s TOPIX stock index rose to a 30-year high. This is a good signal for the stock market and USDJPY, which has a correlation with the shares. The U.S. economy created the fewest jobs in seven months in August as hiring in the leisure and hospitality sector stalled amid resurgence in COVID-19 infections, which weighed on demand at restaurants and hotels. This is a negative signal for USDJPY.

Investment idea: range 109.46 -110.25.