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New anti-crisis program in the United States

New anti-crisis program in the United States | 01 April 2021

01 April 2021, USD/JPY

USDJPY trading plan:

The bullish rally in the U.S. stock market will have a positive impact on the value of USDJPY. US President Joe Biden introduced a $2 trillion package that will form the first part of a likely $4 trillion infrastructure plan on Wednesday. The bill features substantial investments in transportation, broadband, and care workers. There will be no Federal tax increase to anyone making below $400k. Biden said that the jobs plan will boost us edge in chips, biotech, energy and will drive down price for internet service. The bets on a strong economic rebound helped the market ride out a first quarter that saw a retail trading frenzy, inflation worries, a spike in Treasury yields and a U.S. hedge fund going bust.

Investment idea: buy 110.55 and take profit 111.00.

David Johnson
Analyst of «FreshForex» company
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