New fiscal stimulus | 08 ديسمبر 2020

USDJPY trading plan:

California Governor Gavin Newsom ordered large parts of the most populous U.S. state to close down again as Covid-19 cases spiked to record levels. California reported more than 29,000 new cases on Monday, exceeding the state's previous high, and marked a new record for hospitalized Covid-19 patients. New Jersey, North Carolina, Virginia and West Virginia also announced record one-day rises in new infections. The gains to the safe haven dollar from this backdrop have been limited, amid growing confidence there will be new fiscal stimulus to boost the U.S. economy as a bipartisan group of lawmakers look to get through a $908 billion bill this week.

Investment idea: range 103.68 -104.44.