Good and bad news | 16 فبراير 2021

USDJPY trading plan:

Global stock markets rose for the 11th day in a row to reach a fresh peak on optimism about the rollout of COVID-19 vaccines and new fiscal aid from Washington. This is a positive signal for the U.S. currency. Japan's economy expanded more than expected in the fourth quarter, extending the recovery from its worst postwar recession thanks to a rebound in overseas demand that boosted exports and capital spending. The world's third-largest economy grew an annualized 12.7% in October-December, government data showed, exceeding a median market forecast of 9.5%. This is a positive signal for the Japanese yen.

Investment idea: range 105.05 -105.85.