This is the Economic GPS Takeaway
I'm Thaddeus Cummins
Today is Mar 26 Friday 10:00 AM NY, NY, USA
#Yen Index - USD/JPY, GBP/JPY, EUR/JPY
GBP, USD and EUR all climbed versus JPY in overnight trading.
Many experts are anticipating that Biden's vaccination roll out will release pent-up demand as Americans spend money and celebrate.
Green transition estimated at $4.6 trillion globally.
#Global Trade News
The Ever Given container ship remains stuck in the Suez Canal, drawing attention to the importance of international shipping and global value chains. Seventy to ninety percent of global goods are shipped by container ships.
#Economic Calendar News
The personal consumption expenditure (PCE) price index reports muted inflation as consumer sentiment is up suggesting economic growth.
#Technical USD/JPY on the One Hour Chart
USD/JPY price action climbs to new highs with resistance at 109.7. Early Friday trading is forming head and shoulders as traders transition into the weekend.
This is Thaddeus Cummins looking forward to your continued success. Good day!
"Meditate on the Good. The Math will Follow"