10 September 2021, USD/JPY
USDJPY trading plan:
The number of Americans filing new claims for jobless benefits fell to the lowest level in nearly 18 months last week, offering more evidence that job growth was being hindered by labor shortages rather than cooling demand for workers. Initial claims for state unemployment benefits dropped 35,000 to a seasonally adjusted 310,000 for the week ended Sept. 4, the lowest level since mid-March 2020. Unadjusted claims, which economists say offer a better read of the labor market, fell 8,005 to 284,287 last week. Claims have dropped from a record 6.149 million in early April 2020. They are closing in on the upper end of the 200,000-250,000 range viewed as consistent with healthy labor market conditions.
Investment idea: buy 109.50 and take profit 110.10.
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