01 Noviembre 2021, USD/JPY
USDJPY trading plan:
The U.S. Treasury Department is expected to reduce the size of its upcoming auctions when it announces its funding plan for the coming quarter on today, the first step in lowering debt supply as the federal government moves past its emergency-level response to the coronavirus pandemic. The move, which is well anticipated on Wall Street, will likely total an $800 billion cut in nominal auction sizes in the 2022 fiscal year compared with the 2021 fiscal year. The Treasury Department's funding plans will also likely reflect the unsettled question of the debt ceiling, which constrains the U.S. government's borrowing limit. This is a good signal for the stock market and USDJPY, which has a correlation with the shares.
Investment idea: Buy 113.95 and take profit 114.40.
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