17 November 2020, USD/JPY
USDJPY trading plan:
China continued its path towards economic recovery in October, with a faster-than-expected rise. Meanwhiles retail sales grew 4.3% year-on-year in October, down from the forecast 4.9% but up from September’s growth of 3.3%. The unemployment rate fell to 5.3% from September’s 5.4%.China’s fourth-quarter economic growth will continue to accelerate from the third quarter, Fu Linghui, spokesman of the National Statistics Bureau, predicted at a briefing after the data was released. Stimulus policies from the government, including the People’s Bank of China injecting more liquidity into the financial system it has a positive impact on the economy.
Trading recommendation: Buy 104.35 and take profit 104.75
en 
id 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 