12 November 2021, USD/JPY
USDJPY trading plan:
U.S. President Joe Biden and Chinese leader Xi Jinping are expected to address leaders of the Pacific Rim late amid heightened regional trade and geopolitical tensions. The comment was seen as a reference to efforts by the United States and its regional allies to blunt what they see as China's growing coercive economic and military influence. Xi will take the virtual podium a day after China's ruling Communist Party approved a rare resolution that amplified his status and authority, bolstering the likelihood of securing an unprecedented third leadership term next year. This is a good signal for the stock market and USDJPY, which has a correlation with the shares.
Investment idea: Buy 113.86 and take profit 114.35.
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