The US Congress adopted anti-crisis program | 11 Maret 2021

11 Maret 2021, USD/JPY

The US Congress adopted anti-crisis program

USDJPY trading plan:

A bullish rally in the US stock market will have a positive impact on the value of USDJPY as assets correlate. U.S. House of Representatives gave final approval on Wednesday to one of the largest economic stimulus measures in American history, a sweeping $1.9 trillion COVID-19 relief bill that gives President Joe Biden his first major victory in office. The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 6% to 22.5. The U.S. government will first give Americans COVID-19 vaccines, but any surplus would be shared with the world, President Joe Biden said after earlier announcing plans to procure an additional 100 million doses.

Investment idea: buy 108.60 and take profit 109.10.


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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