Positive statistics from China | 30 Abril 2021

USDJPY trading plan:

China's factory activity in April expanded at the fastest pace in four months on stronger demand. The Caixin/Markit Manufacturing Purchasing Managers' Index rose to 51.9 in April from an 11-month low of 50.6 in March, beating traders’ expectations for a smaller uptick to 50.8. The 50-mark separates growth from contraction on a monthly basis. Both output and new orders increased at the fastest pace this year, the survey showed, while overseas demand improved. Manufacturers also increased their staffing levels for the first time in five months. This is a good signal for the stock market and USDJPY, which has a correlation with the shares.

Investment idea: buy 108.52 and take profit 108.99.