Negotiations in Congress | 09 اكتوبر 2020

USDJPY trading plan:

Talks between House of Representative Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin over the measures resumed, with President Donald Trump announcing that talks with Congress have resumed despite previously having tweeted a ban on the talks until the Nov. 3 presidential election. Trump added in an interview that the chances of reaching a consensus over the measures were high but did not provide further details. For her part, Pelosi said that legislation to help airlines survive the fallout from COVID-19 could only move through Congress alongside the development of a comprehensive aid bill. This is a good signal for the stock market and USD JPY, which has a correlation with the shares.

Trading recommendation: Buy 105.79 and take profit 106.10.