Positive statistics from the United States | 14 May 2021

14 May 2021, USD/JPY

Positive statistics from the United States

USDJPY trading plan:

The number of Americans filing new claims for unemployment benefits dropped to a 14-month low last week as companies held onto their workers amid a growing labor shortage. The scramble for workers comes as the reopening economy is experiencing a boom in demand, resulting in widespread shortages of inputs at factories and fanning inflation. Claims have dropped from a record 6.149 million in early April 2020, but remain well above the 200,000 to 250,000 range that is viewed as consistent with a healthy labor market. The government has provided nearly $6 trillion in pandemic relief over the past year. More than a third of the population has been fully vaccinated, leading many states to lift most capacity restrictions on businesses.

Investment idea: buy 109.09 and take profit 109.60.

David Johnson
Analyst of «FreshForex» company
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