22 December 2020, USD/JPY
USDJPY trading plan:
The U.S. House of Representatives passed an $892 billion coronavirus aid package as well as a $1.4 trillion measure to keep the government funded for another year. The bill will become law once passed by the Senate, where it is now under review, and signed by President Donald Trump. The package includes $600 payments to most Americans as well as additional payments to the millions of people who have lost their jobs due the COVID-19 pandemic. It comes in the nick of time, as a larger round of benefits expires on Saturday. This is a good signal for the stock market and USDJPY, which has a correlation with the shares.
Investment idea: Buy 103.27 and take profit 103.73.
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