Correlation between USDJPY and DJI30 | 15 Maret 2021

USDJPY trading plan:

The bullish rally in the US stock market will have a positive impact on the value of USDJPY, as the currency pair correlates with the DJI30 stock index. President Joe Biden told U.S. states on Thursday to make all adults eligible for a COVID-19 vaccine by May 1, hours after he signed a $1.9 trillion stimulus bill into law. Half of the households that will receive payments under this program are ready to spend about 30% of the funds on the purchase of shares. Recall that in 2020, the US government implemented 3 anti-crisis programs, within the framework of which the population was actively buying up shares. Now the situation will repeat itself.

Investment idea: buy 109.20 and take profit 109.55.