The bullish rally in the stock markets | 29 ديسمبر 2020
29 ديسمبر 2020, USD/JPY
USDJPY trading plan:
A bullish rally in the stock markets will have a positive impact on the value of USDJPY. Japanese stocks hitting a 30-year high, on rising investor risk appetite as the U.S. House of Representatives voted to raise pandemic relief payments to $2,000 from $600. The Senate still needs to vote on the measure. European stocks extended their year-end rally as a Brexit trade deal and euro zone's marathon COVID-19 vaccination campaign brightened prospects for global growth in 2021.
Investment idea: Buy 103.50 and take profit 103.94.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
