U.S. factory activity picked up | 25 Marzo 2021
25 Marzo 2021, USD/JPY
USDJPY trading plan:
U.S. factory activity picked up in early March amid strong growth in new orders. The flash U.S. manufacturing PMI increased to 59 in the first half of this month from a final reading 58.6 in February, when activity took a step back after a cold snap hit large parts of the country. Factories and their suppliers are, however, struggling to find workers, leading to shortages that are driving up prices for production materials. A global semiconductor chip shortage has forced some automobile manufacturers to cut production.
Investment idea: buy 108.80 and take profit 109.20.
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