07 Desember 2020, USD/JPY
USDJPY trading plan:
U.S. Commerce Department said the trade gap rose 1.7% to $63.1 billion in October. Data for September was revised to show a $62.1 billion deficit instead of $63.9 billion as previously reported. Imports increased 2.1% to $245.1 billion. Goods imports gained 2.1% to $207.8 billion. Exports accelerated 2.2% to $182.0 billion. Goods exports jumped 3.0% to $126.3 billion. The trade could contribute to economic growth in the fourth quarter. This is a good signal for the stock market and USD JPY, which has a correlation with the shares.
Investment idea: Buy 104.10 and take profit 104.50.