Positive macroeconomic statistics from the United States | 17 Julio 2020

USDJPY trading plan:

Positive macroeconomic statistics from the United States will have a positive impact on the value of USDJPY. Retail sales rose 7.5% last month after jumping 18.2% in May, which was the biggest gain since the government started tracking the series in 1992. Retail sales have rebounded as businesses resumed operations after being shuttered in mid-March in an effort to slow the spread of the respiratory illness. Retail sales in June were driven by an 8.2% increase in receipts at auto dealerships. Consumers stepped up spending at furniture, clothing, electronics and appliance, hobby, musical instrument and book stores. Receipts at restaurants and bars shot up 20.0%.

Trading recommendation: Buy 107.00 and take profit 107.37.