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Positive macroeconomic statistics from the United States

Positive macroeconomic statistics from the United States | 18 Diciembre 2020

18 Diciembre 2020, USD/JPY

Positive macroeconomic statistics from the United States

USDJPY trading plan:

U.S. homebuilding and permits increased solidly in November, pointing to sustained housing market strength even as the broader economic recovery is slowing amid resurgence in new COVID-19 cases and lack of additional government money. Permits for future homebuilding raced 6.2% to a rate of 1.639 million units in November. Permits typically lead starts by one to two months. The housing market is defying slowing economic growth, thanks to pent-up demand and historically low mortgage rates. A positive signal for the dollar!

Investment idea: Buy 102.75 and take profit 103.30.

David Johnson
Analyst of «FreshForex» company
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