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Positive macroeconomic statistics from the United States

Positive macroeconomic statistics from the United States | 24 February 2021

24 February 2021, USD/JPY

Positive macroeconomic statistics from the United States

USDJPY trading plan:

U.S. consumer confidence increased in February, with households slightly more upbeat about the labor market amid declining new COVID-19 infections and expectations for additional money from the government to help the economy's recovery from the pandemic. The Conference Board said its consumer confidence index rose to a reading of 91.3 this month from 88.9 in January. COVID-19 cases in the United States have declined for the sixth consecutive week, with daily cases and hospitalizations falling to the lowest level since before the Thanksgiving and Christmas holidays. The pace of vaccination is also picking up.

Investment idea: Buy 105.18 and take profit 105.61.

David Johnson
Analyst of «FreshForex» company
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