08 Marzo 2021, USD/JPY
USDJPY trading plan:
Nonfarm payrolls surged by 379,000 jobs last month after rising 166,000 in January. A decrease in daily COVID-19 cases and hospitalizations and nearly $900 billion in stimulus provided by the government at the end of December are driving the revival in economic activity and hiring. The economy has recouped 12.7 million of the 22.2 million jobs lost in the pandemic recession. A broader measure of unemployment, which includes people who want to work but have given up searching and those working part-time because they cannot find full-time employment, was unchanged at 11.1%.
Investment idea: buy 107.97 and take profit 108.40.
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