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New infrastructure bill

New infrastructure bill | 09 November 2021

09 November 2021, USD/JPY

New infrastructure bill

USDJPY trading plan:

President Joe Biden and top officials in his Cabinet are hitting the road to promote the $1 trillion infrastructure bill passed in Congress last week. White House aides are planning a bipartisan signing ceremony for the infrastructure bill as soon as this week, after it gained final passage on Friday night when Democrats who control the House of Representatives ended months of bickering and approved it. Biden is also pressing lawmakers to approve a separate, climate and safety-net package known as his Build Back Better plan. It is estimated to cost about $1.75 trillion and has been the subject of fierce debate on Capitol Hill. This is a good signal for the stock market and USDJPY, which has a correlation with the shares.

Investment idea: Buy 112.71 and take profit 113.44.

David Johnson
Analyst of «FreshForex» company
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