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Positive mood of Japanese manufacturers

Positive mood of Japanese manufacturers | 22 Marzo 2021

22 Marzo 2021, USD/JPY

USDJPY trading plan:

Japan's big manufacturer’s mood likely improved in the three months to March from the previous quarter and they see a further recovery ahead thanks to solid external demand and coronavirus vaccinations, a Reuters poll showed. The Bank of Japan's quarterly tankan business sentiment survey will likely show the headline index for big manufacturers' sentiment improved to zero in March from minus 10 in December, the poll of 17 economists showed. Exports recovery, especially shipments to China, stay-at-home demand and a firm yen helped big-manufacturers' confidence.

Investment idea: sell 109.00 and take profit 108.60

David Johnson
Analyst of «FreshForex» company
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