26 February 2021, USD/JPY
USDJPY trading plan:
The benchmark 10-year Treasury yields hit a one-year high of 1.48%. This is a positive signal for the U.S. currency. The Treasury note yield also rose above S&P 500 dividend yield, wiping out a historically strong advantage that the stock market yield has held. Optimism about more U.S. stimulus and a quicker pace of vaccinations at the beginning of the month have positioned the S&P 500 and the Dow Jones indexes for their best monthly gain since November. However, the lack of significant new developments around the fiscal package and the winding down of the earnings season has caused uncertainty in the market.
Investment idea: range 105.75 -106.55.