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New negotiations in Congress

New negotiations in Congress | 04 December 2020

04 December 2020, USD/JPY

New negotiations in Congress

USDJPY trading plan:

Congressional Republicans were pushing for a slimmed-down $500 billion package, which was rejected by Democrats as they argued the case for a bigger price tag. However, a proposed $908 billion bipartisan package was slowly gaining traction in Congress. Progress in developing COVID-19 vaccines also led investors to bet a recovery in corporate earnings will accelerate next year, overriding any concerns about the current dire conditions of the pandemic. The United States topped 14 million known COVID-19 infections with over 100,000 patients hospitalized for the first time.

Investment idea: range 104.00 -104.60

David Johnson
Analyst of «FreshForex» company
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