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The U.S. labor market is continuing to heal

The U.S. labor market is continuing to heal | 01 July 2021

01 July 2021, USD/JPY

USDJPY trading plan:

U.S. private payrolls increased more than expected in June. Private payrolls increased by 692,000 jobs. Data for May was revised lower to show 886,000 jobs added instead of the initially reported 978,000. Employment gains in June were evenly spread among small, medium and large companies, indicating that the economy’s recovery from the pandemic was broadening in scope. Leisure and hospitality payrolls increased by 332,000 jobs and there were solid gains in education and health services. The U.S. labor market is continuing to heal. This is a positive signal for the dollar!

Investment idea: buy 110.88 and take profit 111.35.

David Johnson
Analyst of «FreshForex» company
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