The ISM has pleased traders with strong statistics on business activity in the American industry. The indicator reached 60.8%, which was the highest level since February 2018. This level of business activity contributes to GDP growth of 5%. All key indicators, such as new orders, export orders, employment, showed confident growth.

This is a positive signal for the US stock market, which is trading at 2% of its all-time maximum and can set a new record this week. Insofar as this currency pair is historically correlated with the S&P500 index, the decline in the USDJPY quotes should be used to open buy positions.

Investment idea: Buy 106.69/106.50 and take profit 107.06.