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Positive macroeconomic statistics from the United States

Positive macroeconomic statistics from the United States | 21 Juli 2021

21 Juli 2021, USD/JPY

Positive macroeconomic statistics from the United States

USDJPY trading plan:

The report from the U.S. Commerce Department suggested a severe shortage of houses, which has boosted prices and sparked bidding wars across the country, could persist for a while. Demand for houses is being driven by low mortgage rates and a desire for more spacious accommodations during the COVID-19 pandemic. Housing starts rose 6.3% to a seasonally adjusted annual rate of 1.643 million units last month. Data for May was revised down to a rate of 1.546 million units from the previously reported 1.572 million units. This is a positive macroeconomic statistic for the dollar.

Investment idea: buy 109.72 and take profit 110.22.

David Johnson
Analyst of «FreshForex» company
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