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Omicron quickly overtook Delta

Omicron quickly overtook Delta | 10 January 2022

10 January 2022, USD/JPY

Omicron quickly overtook Delta

USDJPY trading plan:

COVID-19 hospitalizations in the United States are poised to hit a new high as early, surpassing the record set in January of last year as the highly contagious Omicron variant fuels a surge in infections. Hospitalizations have increased steadily since late December as Omicron quickly overtook Delta as the dominant coronavirus variant in the United States, although experts say Omicron will likely prove less deadly than prior iterations. Health officials have nevertheless warned that the sheer number of infections caused by Omicron was placing a strain on hospitals, some of which are struggling to keep up with the influx of patients because their own workers are out sick. This is a bad signal for the stock market and USDJPY, which has a correlation with the shares.

Investment idea: sell 115.99 and take profit 115.37.

David Johnson
Analyst of «FreshForex» company
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