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Correlation between USDJPY and the U.S. stock market

Correlation between USDJPY and the U.S. stock market | 25 June 2021

25 June 2021, USD/JPY

Correlation between USDJPY and the U.S. stock market

USDJPY trading plan:

U.S. President Joe Biden on Thursday embraced a $1.2 trillion bipartisan Senate deal to renew the nation's roads, bridges and highways and help stimulate the economy - a major breakthrough on one of his key domestic policy goals. "This deal means millions of good-paying jobs and fewer burdens felt at the kitchen table ... But it also signals to ourselves, and to the world, that American democracy can deliver, and because of that it represents an important step forward for our country," Biden said later at the White House. This is a good signal for the stock market and USDJPY, which has a correlation with the shares.

Investment idea: buy 110.60 and take profit 111.10.

David Johnson
Analyst of «FreshForex» company
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