02 Febrero 2021, USD/JPY
USDJPY trading plan:
U.S. manufacturing activity slowed slightly in January. The ISM's index of national factory activity fell to a reading of 58.7 last month from 60.5 in December. The ISM's forward-looking new orders sub-index fell to a reading of 61.1 last month from 67.5 in December. Export orders at factories also moderated. Despite the cool-off in orders, factories increased hiring last month. The survey's manufacturing employment gauge rose to 52.6 from 51.7 in December. That raises hope for a rebound in hiring this month after the economy shed jobs in December for the first time in eight months.
Investment idea: Sell 105.10 and take profit 104.70.
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