18 Desember 2020, USD/JPY
USDJPY trading plan:
U.S. homebuilding and permits increased solidly in November, pointing to sustained housing market strength even as the broader economic recovery is slowing amid resurgence in new COVID-19 cases and lack of additional government money. Permits for future homebuilding raced 6.2% to a rate of 1.639 million units in November. Permits typically lead starts by one to two months. The housing market is defying slowing economic growth, thanks to pent-up demand and historically low mortgage rates. A positive signal for the dollar!
Investment idea: Buy 102.75 and take profit 103.30.