06 May 2021, USD/JPY
USDJPY trading plan:
U.S. private payrolls surged by the most in seven months in April as companies rushed to boost production amid a surge in demand. Private payrolls rose by 742,000 jobs last month, the largest gain since last September, the ADP National Employment Report showed. Companies hired 565,000 workers in March. The acceleration in hiring was across the board, with the leisure and hospitality sector adding 237,000 jobs. Manufacturers hired 55,000 workers and payrolls in the construction sector increased by 41,000 jobs. The Institute for Supply Management said its measure of services industry employment increased to a reading of 58.8 last month, the highest since September 2018, from 57.2 in March.
Investment idea: buy 109.19 and take profit 109.58.
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