The bullish rally on the U.S. stock market | 09 Marzo 2021
09 Marzo 2021, USD/JPY
USDJPY trading plan:
A bullish rally on the U.S. stock market will have a positive impact on the value of this currency pair. The U.S. Senate passed the $1.9 trillion COVID-19 relief package. President Joe Biden said he hoped for a quick passage of the revised bill by the House of Representatives so he could sign it and send $1,400 direct payments to Americans. Prospects of more government spending and faster economic growth have stoked fears of a spike in inflation, sending the benchmark 10-year Treasury yield to near one-year highs.
Investment idea: buy 108.87 and take profit 109.33.
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.
