Good and bad news | 09 February 2021

09 February 2021, USD/JPY

Good and bad news

USDJPY trading plan:

Expectations that an aid package being pushed through Congress will come out closer to President Joe Biden's call for $1.9 trillion than a Republican proposal for $600 billion has helped fuel inflation expectations, providing a lift for the yellow metal, which is traditionally seen as an inflation hedge. This is a negative signal for this currency pair. A bullish rally in the US stock market may have a positive impact on the value of USDJPY, as the assets are correlated with each other. The excess reserves banks increased by $30.1 billion. This allows bankers to increase the volume of speculation in the stock market.

Investment idea: range 104.25 -105.25.

One of the highest demand products in FreshForex is invest-portfolios.

Invest-portfolio is an optimal tool for both beginners and experienced traders due to its high efficiency and low work efforts. This is the fifth portfolio developed by FreshForex specialists. In 2020, we proposed traders four investment portfolios, each of which demonstrated positive results. The total return was 71.5%.

2 steps to get the Invest-portfolio:

1. Fund your trading account with $50 or more from February 1 to 26, 2021.

2. Send a request to school@freshforex.com with your account number funded.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus