04 February 2021, USD/JPY
USDJPY trading plan:
U.S. services industry activity raced to its highest level in nearly two years in January. The Institute for Supply Management said on Wednesday its non-manufacturing activity index increased to a reading of 58.7 last month. That was the highest reading since February 2019 and followed 57.7 in December. The index is now above its pre-pandemic level. A reading above 50 indicates growth in the services sector, which accounts for more than two-thirds of U.S. economic activity. The survey's index of services industry employment rebounded to 55.2, the highest reading in nearly a year, from 48.7 in December. That supports expectations that the economy regained jobs in January after nonfarm payrolls fell in December for the first time in eight months.
Investment idea: Buy 105.00 and take profit 105.31.
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