Rapid growth of the American economy | 23 March 2021

23 March 2021, USD/JPY

Rapid growth of the American economy

USDJPY trading plan:

U.S. Federal Reserve Chairman Jerome Powell said that the U.S. economy had progressed “more quickly than generally expected and looks to be strengthening” but added that it still far from full recovery. Investors expect more comments from Powell, both at his first joint appearance with Treasury Secretary Janet Yellen before the U.S. House Financial Services Committee later today. He was also a keynote speaker at the BIS Innovation Summit alongside European Central Bank president Christine Lagarde among others.

Investment idea: buy 108.60 and take profit 109.10

David Johnson
Analyst of «FreshForex» company
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