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Correlation between USDJPY and the US stock market

Correlation between USDJPY and the US stock market | 16 March 2021

16 March 2021, USD/JPY

USDJPY trading plan:

U.S. President Joe Biden remains committed to his campaign pledge that no one earning less than $400,000 should see an increase in their taxes, White House Press Secretary Jen Psaki said. Psaki said the Biden administration was working closely with members of Congress about how best to fund plans for an ambitious infrastructure package, but those plans had not been finalized yet. "His priority and focus has always been on people paying their fair share, and also focusing on corporations that may not be paying their fair either," Psaki said. This is a good signal for the stock market and USDJPY, which has a correlation with the shares.

Investment idea: buy 109.00 and take profit 109.44.

David Johnson
Analyst of «FreshForex» company
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