12 May 2021, USD/JPY
USDJPY trading plan:
U.S. job openings surged to a record high in March, further evidence that a shortage of workers was hampering job growth, even as nearly 10 million Americans are looking for employment. Job openings, a measure of labor demand, jumped 597,000 to 8.1 million on the last day of March, the highest since the series began in December 2000. The surge was led by the accommodation and food services sector, with 185,000 vacancies opening up. There were an additional 155,000 job openings in state and local government education. In the arts, entertainment and recreation industry, vacancies increased by 81,000 jobs. Vacancies also increased in manufacturing, trade, and transportation and utilities industries as well as in finance. Job openings rose in the Northeast and Midwest regions. But vacancies dropped in the healthcare and social assistance industry.
Investment idea: buy 108.57 and take profit 109.05.