08 Tháng hai 2021, USD/JPY
USDJPY trading plan:
The U.S. Commerce Department said that the trade deficit jumped 17.7% to $678.7 billion last year, the highest since 2008. Exports of goods and services tumbled 15.7% to their lowest level since 2010. Imports of goods and services dropped 9.5% to a four-year low. The plunge in exports contributed to the economy shrinking 3.5% last year, the biggest drop in gross domestic product since 1946. Trade flows have been gradually improving. For December, the trade deficit narrowed 3.5% to $66.6 billion. Imports of goods rose 1.5% to $217.7 billion in December. Goods exports shot up 4.7% to $133.5 billion. This is negative news for the dollar.
Investment idea: Sell 105.60 and take profit 105.15.
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