08 January 2021, USD/JPY
USDJPY trading plan:
U.S. services industry activity accelerated in December. The Institute for Supply Management said its non-manufacturing activity index increased to a reading of 57.2 last month from 55.9 in November. As with the manufacturing data, the improvement in the services industry index partly reflected a rise in the survey's measure of supplier deliveries to a reading of 62.8 last month from 57.0 in November. A lengthening in suppliers' delivery times is normally associated with a strong economy and increased customer demand, which would be a positive contribution. This is a positive signal for the US dollar!
Investment idea: Buy 103.57 and take profit 104.05.
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