26 October 2021, USD/JPY
USDJPY trading plan:
The Dow Industrials and S&P 500 hit fresh record highs, as earnings season kicked in to high gear in one of the heaviest reporting weeks of the quarter with bellwethers in multiple sectors poised to announce results. U.S. President Joe Biden on Monday held out hope for an agreement on his major spending plans before attending a climate summit in Scotland, while the White House said Democratic negotiators were closing in on a deal. "Let's get this done. Let's move!" said Biden. "You hear these numbers, $3.5 trillion, $1.7 trillion - we pay for it all. It doesn’t increase the deficit one single cent. So let’s get to work," he said. Democrats are seeking to coalesce around two key pieces of legislation - an up-to-$2 trillion social spending and climate change package and a $1 trillion infrastructure bill - to make good on Biden's campaign promises.
Investment idea: buy 113.52 and take profit 114.10.
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