Positive macroeconomic statistics from the United States | 24 Desember 2019

USDJPY trading plan:

Positive macroeconomic statistics from the United States will have a positive impact on the value of USDJPY. Sales of new U.S. single-family homes increased in November. The Commerce Department said on Monday new home sales rebounded 1.3% to a seasonally adjusted annual rate of 719,000 units last month, lifted by gains in activity in the Northeast and West regions. Sales surged 16.9% from a year ago. The median new house price increased 7.2% to $330,800 in November from a year ago. The U.S. Treasury Secretary Steven Mnuchin has said that the U.S. and China will sign their so-called phase one trade pact early January 2020. This factor will provide additional support to the currency pair.

Trading recommendation: Buy 109.33 and take profit 109.60.

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