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The US Congress adopted anti-crisis program

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

11 March 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.

David Johnson
Analyst of «FreshForex» company
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