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The bullish rally in the U.S. stock market

The bullish rally in the U.S. stock market | 30 March 2021

30 March 2021, USD/JPY

The bullish rally in the U.S. stock market

USDJPY trading plan:

A bullish rally in the U.S. stock market will have a positive impact on the value of USDJPY, as the assets are correlated with each other. The U.S. outlook got a boost after President Joe Biden doubled the goal for vaccinations in his first 100 days in office to 200 million. The US administration is preparing two more fiscal stimulus packages. Later this week, U.S. President Joe Biden plans to unveil a further stimulus program with a tilt toward infrastructure. President Biden is expected to unveil his infrastructure program Wednesday.

Investment idea: buy 109.85 and take profit 110.20.

David Johnson
Analyst of «FreshForex» company
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