The bullish rally on the U.S. stock market | 14 Julio 2021

14 Julio 2021, USD/JPY

USDJPY trading plan:

The bullish rally on the US stock market will have a positive impact on the value of the USDJPY currency pair, since the assets are correlated with each other. Fed monetary support has been a critical for markets as the benchmark S&P 500 index has soared over 95% since March 2020. Any signs of a faster-than-expected unwind of the Fed’s policies in order to curtail inflation, such as a tapering of its bond-buying program, stand to rattle asset prices. A BofA Global Research survey of fund managers taken earlier this month found that 70% believed the spike in inflation was transitory, with 26% saying it would be longer lasting.

Investment idea: buy 110.33 and take profit 110.78.


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.
David Johnson
Analyst of «FreshForex» company
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