02 December 2020, USD/JPY
USDJPY trading plan:
U.S. President-elect Joe Biden urged lawmakers to pass a COVID-19 aid package that has been stalled in Congress for months, and promised more action to reactivate the economy after he takes office next month. "Right now, the full Congress should come together and pass a robust package for relief to address these urgent needs," Biden said as he presented his incoming administration's economic team. A bipartisan group of U.S. lawmakers on Tuesday unveiled a $908 billion COVID-19 relief bill aimed at breaking the long deadlock between Democrats and Republicans over new emergency assistance for small businesses, unemployed people, airlines and other industries hit hard by the pandemic. This is a good signal for the stock market and USDJPY, which has a correlation with the shares.
Investment idea: Buy 104.22 and take profit 104.55.
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