Japan's factory output jumped | 29 Diciembre 2021

29 Diciembre 2021, USD/JPY

Japan's factory output jumped

USDJPY trading plan:

Japan's factory output jumped at the fastest pace on record in November, as easing global supply chain bottlenecks helped car production leap out of its recent slump, lifting prospects for a strong fourth-quarter economic rebound. Factory production gained 7.2% in November from the previous month. That meant production rose for the second straight month after increasing 1.8% in October and posted a faster rise than the 4.8% gain expected in a trader’s poll. The data showed output of cars and other motor vehicles surged 43.1% from the previous month in November, also a record, while plastic products production rose 9.5%. Output of durable consumer goods rose 39%, while that of capital goods, which analysts say is closely related to the capital spending component in gross domestic product, was unchanged from the previous month. This is a good signal for the Japan stock market and USDJPY, which has a correlation with the shares.

Investment idea: buy 114.70 and take profit 115.20.

David Johnson
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.