01 Marzo 2021, USD/JPY
USDJPY trading plan:
U.S. consumer spending rebounded strongly in January as the government doled out additional pandemic relief money to low-income households and new COVID-19 infections dropped, setting up the economy for faster growth in the first quarter. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, jumped 2.4% last month after decreasing 0.4 in December, the Commerce Department said. Personal income shot up 10% last month. This is a positive signal for the U.S. currency!
Investment idea: buy 106.37 and take profit 106.81.