22 февраля 2021, USD/JPY
USDJPY trading plan:
U.S. home sales unexpectedly rose in January despite tight inventories boosting house prices. The National Association of Realtors said that existing home sales increased 0.6% to a seasonally adjusted annual rate of 6.69 million units last month. Home resales, which account for the bulk of U.S. home sales, surged 23.7% on a year-on-year basis. The housing market, the economy's star performer during the COVID-19 recession, is being supported by historically low mortgage rates and demand for spacious accommodations for home offices and schooling, mostly in the suburbs and other lower-density areas.
Investment idea: Buy 105.30 and take profit 105.70.
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